Anaam to launch rights trading, subscription to new shares on Nov. 2

28/10/2020 Argaam

Anaam International Holding Group said the subscription to new shares and rights trading will start on Nov. 2, 2020.

 

Rights trading will end on Nov. 9, and subscription to the new shares will close on Nov. 12, the company said in a bourse statement on Wednesday, Oct 28.

 

Rights holders are entitled to subscribe to the new shares partially or fully on a pro rata basis. Unsubscribed shares, and share fractions, will be offered to institutional investors.

 

In case of under subscription, lead manager and underwriter Wasatah Capital will subscribe to these rights.

 

Anaam shareholders approved, yesterday, Oct. 27, to increase capital from SAR 15 million to SAR 105 million through a SAR 90 million rights issue, Argaam reported.

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