Anaam International Holding Group’s rights issue shares were 89.1% subscribed, as subscribers injected SAR 80.2 million to subscribe to 8.02 million shares, the company said in a bourse filing.

 

The remaining shares will be reoffered to institutional investors on a pro rata basis from Nov. 17-18, 2020.

 

Anaam’s rights subscription period ended Nov. 12, 2020, Argaam reported.

 

The subscription started on Nov. 2, to increase the company’s capital from SAR 15 million to SAR 105 million, through a rights issue of nine million shares at SAR 10 per share.

 

 Rights trading period, which also started on Nov. 2, ended on Nov. 9, 2020.

 

Rights Issue Details

Number of rights issue shares

9 mln shares

Number of subscribed shares

8.02 mln shares

Subscription value

SAR 80.2 mln

Coverage ratio (%)

89.1%

Number of remaining shares

980,700 shares

Period of offering remaining shares

Nov. 17-18, 2020

 

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