ALASEEL Information

Thob Al-Aseel Company was established as a limited liability company in the city of Riyadh in 1989 with a capital of 2 million Saudi riyals, and it was registered in the commercial register under the number (1010071301) dated 071409/15/ AH In the year 2016 it was transformed into a closed joint stock company with a capital of 50 million riyals, and in 2017 the extraordinary general assembly was approved to increase the company's capital to 150 million Saudi riyals and to offer 20% of its shares in the parallel market (Nomu). On July 4, 2018, during the extraordinary general assembly on July 4, 2018, the Board of Directors' recommendation was approved to increase the company's capital from 150 million Saudi riyals to 300 million Saudi riyals. The company's field of work is in the import, export and "wholesale and retail" trade of textiles and ready-to-wear clothes. The men's clothing and underwear are the main products of the company and it markets them through its branches all over the Kingdom of Saudi Arabia. In January 2017 we succeeded in closing the acquisition of Al-Jedaie Textiles Company, a company operating in the "wholesale and retail" trade in textiles, textiles and ready-to-wear garments, and it has 32 branches all over the Kingdom of Saudi Arabia.