Anaam amends capital hike recommendation to SAR 90 mln through rights issue

Anaam International Holding Group Co.’s board of directors amended its capital hike recommendation to SAR 90 million from SAR 75 million through a rights issue, the company said in a statement on Tadawul.

The decision is based on studies performed by the company, the statement added.

In December, the company’s board of directors recommended capital hike through SAR 75 million rights issue to finance future plans, projects and expand various activities, according to data compiled by Argaam.