Company Profile

Company overview

Naseej offers comprehensive and state of the art digital transformation solutions for academic and educational institutions, knowledge and cultural centers, government organizations and large corporations. Naseej activities according to its commercial registration include computer programing, consultations in computing, management of computing facilities, artificial intelligence technologies, virtual and augmented reality technologies, big data technologies, information technology services, sales of computing equipment hardware and terminals, and book sales.

Company History

Since its inception Naseej has been committed to harnessing the power of digital transformation in learning & knowledge management by enabling its customers to provide rich experiences for their users and adapt to a dynamic technology landscape, while reducing their technical burden to a minimum enabling them to focus on achieving their strategic objectives, resulting in higher return on their technology investments with Naseej. Naseej was founded in 1989 as a sole establishment in the city of Riyadh, and was transformed into an LLC in 1995 under the name of Arabian Advanced Systems, with a capital of SAR 1,000,000 divided into 1,000 shares worth SAR 1,000 per share. In 1997 the company launched Naseej as the first information network serving the region, in addition to launching Naseej portal in the same year as one of the first Arabic public portals on the world wide web. Both services received wide receptions during its launch and subsequent operations. In 2009 the company capital was increased to SAR 10,000,000 divided into 10,000 shares worth SAR 1,000 per share. In 2011 the company launched new business lines dedicated to providing digital transformation to the education sector. In 2020 the company name was changed from Arabian Advanced Systems to Naseej for communication and information technology and in 2021 the partners decided to change the company from an LLC to a closed joint stock company and increased its capital to SAR 50,000,000 divided into 5,000,000 common shares worth SAR 10 per share, wish was fully paid by shareholders.

Company Bylaws

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Equity Profile

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities.