Anaam Holding recommends SAR 110 mln rights issue

30/04/2015 Argaam

Anaam International Holding Group Company recommended on Wednesday a SAR 110 million rights issue to raise its capital, subject to obtaining regulatory approval, according to its statement to the Saudi bourse.

The company said the objective is to expand its future projects of renting refrigerators and central warehouses to others.

Anaam ​has also said it would appoint Aldukheil Financial Group (AFG) as financial adviser for the rights issue.

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