Anaam shareholders approve capital increase via SAR 210 mln rights issue

18/05/2022 Argaam
Logo ofAnaam International HoldingGroup

Logo of Anaam International Holding Group

Anaam International Holding Group’s shareholders approved the board’s recommendation to increase capital to SAR 315 million from SAR 105 million via a SAR 210 million rights issue, during the extraordinary general meeting (EGM) held on May 17, according to a bourse filing.  

 

Capital Increase Details

Capital

SAR 105 mln

Number of Shares

10.5 mln

Percentage of Increase

200%

New Capital

SAR 315 mln

Number of Shares

31.5 mln

Rights Issue Details

Number of Offered Shares

21 mln

Offering Price

SAR 10

Issue Size

SAR 210 mln

Eligibility Coefficient

Two rights for every share held

Record Date

Shareholders of record on the second trading day after the EGM

Reason for Capital Increase

To finance working capital, invest in real estate assets and acquire stakes in privately-owned companies. 
 

The Saudi Exchange (Tadawul) announced that the fluctuation limits for Anaam today, May 18, will be based on a share price of SAR 32.60, and the outstanding orders will be canceled.

 

Additionally, the Securities Depository Center (Edaa) will deposit rights into investor portfolios by May 22.

 

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