Anaam board approves to begin subsidiaries’ liquidation process

17/08/2022 Argaam
Logo ofAnaam International Holding Group

Logo of Anaam International Holding Group

Anaam International Holding Group’s board of directors approved on Aug, 16 to begin the liquidation procedures of Anaam International Financial Co., and Anaam International Agricultural Co. (wholly owned limited liability companies (LLCs), according to a bourse filing.

 

Anaam’s decision to liquidate Anaam International Financial was based on the fact that the subsidiary has not practiced any actual activity since establishment.

 

As for Anaam International Agricultural Co., Anaam sold the agricultural project which was run by the subsidiary with the aim of divesting the agriculture sector, and thus, the subsidiary is no longer required.

 

Anaam expected no relevant financial impact from the subsidiaries’ liquidation, adding that the move aimed at undertaking new alternative investments and various business activities with sustainable returns.

 

The company will announce any material developments in this regard, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.