Logo of Anaam International Holding Group
Anaam International Holding Group’s shareholders approved the board’s recommendation to increase capital to SAR 315 million from SAR 105 million via a SAR 210 million rights issue, during the extraordinary general meeting (EGM) held on May 17, according to a bourse filing.
Capital Increase Details |
|
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 |
Rights Issue Details |
|
Number of Offered Shares |
21 mln |
Offering Price |
SAR 10 |
Issue Size |
SAR 210 mln |
Eligibility Coefficient |
Two rights for every share held |
Record Date |
Shareholders of record on the second trading day after the EGM |
Reason for Capital Increase |
To finance working capital, invest in real estate assets and acquire stakes in privately-owned companies. |
The Saudi Exchange (Tadawul) announced that the fluctuation limits for Anaam today, May 18, will be based on a share price of SAR 32.60, and the outstanding orders will be canceled.
Additionally, the Securities Depository Center (Edaa) will deposit rights into investor portfolios by May 22.
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