Logo of naam International Holding Group Co.
Anaam International Holding Group announced the prospectus for its capital increase through a SAR 236.25 million rights offering.
The company will offer 472.50 million shares at SAR 0.50 each, to increase the capital from SAR 315 million to SAR 551.25 million.
The company's shareholders will vote on the board’s recommendation to increase capital through a SAR 236.25 million rights offering, during an extraordinary general meeting (EGM) to be held on March 4.
The Capital Market Authority (CMA) approved earlier this month the request received from the company to increase capital through a rights issue, as per Argaam's data.
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Capital Increase Details |
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Current Capital |
SAR 315 mln |
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Current Number of Shares |
630 mln |
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New Capital |
SAR 551.25 mln |
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New Number of Shares |
1.10 bln |
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Percentage Increase |
75% |
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Rights Issue Details |
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Offered Shares |
472.5 mln |
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Offer Price |
SAR 0.50 |
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Issue Size |
SAR 236.25 mln |
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Eligibility Ratio |
Each listed shareholder shall have the right to subscribe to 0.75 share per each share held |
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Offering Proceeds |
Investing in privately held companies and projects in the packaging materials, auto spare parts, and food
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100 |
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Investment in securities sector |
20 |
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Renovation of commercial properties |
10 |
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Lowering financing costs |
75.25 |
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Financing working capital |
16.00 |
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Offering costs |
15.00 |
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Total |
236.25 |
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Additional Information |
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Financial Advisor and Underwriter |
Wasatah Capital |
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Lead Manager |
Al-Nefaie Investment |
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