Anaam Holding rights trading period ends today

09/11/2020 Argaam

Anaam International Holding Group rights trading period ends today, Nov. 9, 2020.

 

Rights trading 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 issue subscription period, also started on Nov. 2, will end on Nov. 12, 2020.

 

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.

 

Key Figures of the Capital Hike

Current capital

SAR 15 mln

Number of shares

1.5 mln shares

Hike (%)

600% of issued capital

New capital

SAR 105 mln

New shares

10.5 mln shares

Rights Issue Details

Number of rights issue shares

9 mln shares

Issue price

SAR 10

Issue size

SAR 90 mln

Record date

Oct. 27, 2020 (Registered shareholders on
the second day following the EGM date on Oct. 29, 2020)

Rights coefficient

Each shareholder is entitled

to six rights for every share held

Start of right issue trading and subscription period

Nov. 2, 2020

End of rights issue trading

Nov. 9, 2020

End of subscription period

Nov. 12, 2020

Use of Proceeds

To finance future plans and expansions

 

For More IPOs 

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