Anaam submits capital hike file to CMA

14/07/2021 Argaam

Logo of Anaam International Holding Group

Anaam International Holding Group submitted today, July 14, a file for capital increase via rights issue to the Capital Market Authority (CMA).

 

Al Wasatah Al Maliah Co. (Wasatah Capital) was appointed as a financial advisor for the rights issue, Anaam said in a bourse statement, adding that any updates will be announced in due course.

 

Last February, Anaam’s board of directors recommended increasing capital through SAR 210 million rights issue, Argaam reported.

 

The planned increase aims to finance and implement the company’s future plans and projects, expand its activities, acquire profitable assets and purchase or invest in companies and income-generating assets.

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