Anaam International Holding Group rights subscription period ends today, Nov. 12, 2020.
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.
Key Figures of the Capital Hike |
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Current capital |
SAR 15 mln |
|
Number of shares |
1.5 mln shares |
|
Hike (%) |
600% of issues capital |
|
New capital |
SAR 105 mln |
|
New shares |
10.5 mln shares |
|
Rights Issue Details |
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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 |
|
Rights coefficient |
Each shareholder is entitled to six rights for every share held |
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Start of right issue trading and subscription |
Nov. 2, 2020 |
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End of rights issue trading |
Nov. 9, 2020 |
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End of subscription period |
Nov. 12, 2020 |
|
Use of Proceeds |
To finance future plans and expansions |
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