Riyadh – Mubasher: Naseej International Trading Company announced a new strategic direction aimed at achieving sustainable returns on equity by diversifying its revenue sources.
The company plans to reduce its primary reliance on the carpet and rug industry, shifting instead toward a balanced portfolio of diverse investments, according to a bourse filing.
Under the new plan, the company will restructure its current operations to rationalize expenses and maximize returns.
The strategy involves a gradual transition to a holding company structure, treating production and commercial divisions as independent strategic units to enhance operational efficiency.
Management indicated that the company will explore partial or full divestments through acquisitions or public listings of its business units.
The board also intends to leverage Naseej’s status as a listed entity to pursue acquisition opportunities in high-growth sectors.
This expansion will include building partnerships with competitors and suppliers to strengthen the company's market position. Implementation of this strategic roadmap is scheduled to commence at the beginning of 2027.
Naseej stated that the adoption of this strategy does not currently carry a material financial impact, and further developments will be disclosed as they occur.
The company recently launched the publication of its rights issue prospectus following approval from the Capital Market Authority (CMA) to increase its capital by SAR 163.45 million.
