Anaam accumulated losses represent 9.6% of capital at 2021-end

Logo of Anaam International Holding Group Co.

Anaam International Holding Group announced today, April 10 that its accumulated losses reached SAR 10.12 million as of Dec. 31, 2021, accounting for 9.6% of capital, according to a filing to Tadawul.
 

In Q4 2021, Anaam widened its net loss after Zakat and tax to SAR 11.9 million, from SAR 4.70 million a year earlier.
 

In March, the Capital Market Authority (CMA) approved the company’s request to increase capital through a SAR 210 million rights issue.
 

The Tadawul-listed firm plans to raise capital by 200% from SAR 105 million to SAR 315 million, to finance its working capital and purchase income-generating real estate assets, according to data compiled by Argaam.