Anaam rights issue 87.31% covered

05/06/2022 Argaam

Logo of Anaam International Holding Group

Anaam International Holding Group announced today, June 5, the results of right issue trading and new shares subscription, as well as the details of the unsubscribed shares sale.

 

Subscription Details

Number of offered shares

21 mln

Shares subscribed  

18.33 mln

Value of shares subscribed  

SAR 183.35 mln

Coverage

87.31%

Shares remaining

2.67 mln

Unsubscribed shares sale date

June 7-8, 2022

 

Rump shares will be offered to a number of institutional investors, provided those institutions submit purchase offers for the rump shares, Anaam said in a statement to Tadawul.

 

Remaining shares will be allocated to institutional investors pro rata. Fractional shares, if any, will be added to the rump shares and treated similarly, the statement noted.

 

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