Anaam fails to hold EGM on lack of quorum

Anaam International Holding Group did not hold the extraordinary general meeting (EGM) (first and second meetings) slated for June 13, due to lack of quorum, according to a statement to Tadawul.

Anaam will subsequently call for a third EGM after obtaining the approval of the relevant authorities.

Last May, the board of directors amended its recommendation to increase capital to SAR 236.25 million from SAR 157.50 million through a rights issue, data compiled with Argaam showed.