Anaam’s BOD approves a capital raise of 79.8%

A 79.8% capital raise of Anaam International Holding Group Company (from SAR 109m to SAR 196m) was approved in the Extraordinary general assembly meeting that was held on 7/11/2012 to support the company's future expansions in the food sector.

The Capital raise is to take place by a rights issue of 8,700,000 shares at SAR 10 par i.e. one share for each 1.25287 outstanding shares.

By this issuance the number of outstanding shares will be increased from 10,900,000 shares to 19,600,000.