02:52 AM EST, 11/08/2026 (MT Newswires) -- Naseej International Trading (SASE:1213) proposed to reduce its capital by 49.48% to completely write off its accumulated losses of 134.8 million Saudi riyals, as of Sept. 30. The Tadawul-listed carpet manufacturer will lower the par value of its ordinary share to 5.052 riyals per share from 10 Saudi riyals per share, while keeping the total unchanged at 27,243,252 ordinary shares, according to a Sunday release. The capital restructuring is subject to the Capital Market Authority's approval, among other things.

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