Logo of Anaam International Holding Group
Anaam International Holding Group said that its 51%-owned subsidiary, Saudi Wasit Co. (Wassco) appointed, on Sept. 21, Wasatah Capital as financial advisor for its planned offering on Nomu Parallel Market, according to the applicable rules of registration and listing.
Wassco’s core activity is the manufacturing and marketing of toys, entertainment equipment, and accessories of gardens, beaches, and water parks, Anaam said in a statement to Tadawul.
The planned offering comes as part of Anaam’s efforts to push its subsidiaries to list their shares in the capital market – a move that will have a positive impact on the company’s shareholders' equity and financial position, Anaam added.
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