Saudi Arabia’s Anaam Holding to postpone its planned capital increase

25/02/2014 Argaam

Anaam International Holding Group postponed a plan to increase its capital by SAR 180 million through a rights issue which was announced in February 2013, the company said.

 

Anaam’s financial advisor, al-Dukheil Financial Group, recommended the move, to completely execute a previous rights issue dated November 2011 which may help reverse losses the company made in 2013, it added.

 

The company imports,  produces and distribute food inside Saudi Arabia. It also manages and leases cold and dry storage facilities.

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