Anaam shareholders to vote on capital increase to SAR 315 mln via rights issue on April 19

27/03/2022 Argaam
Logo ofAnaam International Holding Group

Logo of Anaam International Holding Group

Shareholders of Anaam International Holding Group will vote on the board’s recommendation to increase capital to SAR 315 million, by SAR 210 million rights issue, during the extraordinary general meeting (EGM), slated for April 19, according to a bourse filing. 

 

Details of Capital Increase

Current Capital

SAR 105 mln

Number of Shares

10.5 mln

Percentage of Increase

200%

New Capital

SAR 315 mln

Number of Shares

31.5 mln

Details of Rights Issue

Number of Offered Shares

21 mln

Offering Price

SAR 10

Issue Size

SAR 210 mln

Record Date

Shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the EGM date.

Reason

To finance working capital, invest in real estate assets, and acquire stakes in privately-owned companies.
 

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