Anaam Holding rights subscription period ends today

12/11/2020 Argaam


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

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

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

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

 

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