Anaam International Holding Group, which is engaged in food, agricultural, and real estate businesses, recommended on Wednesday a SAR 110 million rights issue to raise its capital, subject to obtaining regulatory approval.

Capital hike proceeds will likely go towards future expansions in refrigerator rentals and third-party central warehouses.

This marks Anaam’s fifth proposal for a capital increase over the past five years, during which the company had recommended three rights issues and a bonus share distribution. 

The company obtained approval from the Saudi Capital Market Authority only twice.

 

Capital Raise Details

Notes

Value (SAR mln)

Details

Date

--

110

Rights issue

April 30, 2015

 Approved

10%

Dividend

March 4, 2013

Not approved

180

Rights issue

Feb. 25, 2013

Approved

87

Rights issue

Nov. 8, 2012

Not approved

80

Rights issue

April 11, 2011
 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request