Anaam reviews capital raise requirements ahead of rights issue

31/05/2015 Argaam

Anaam International Holding Group Co. (Anaam) said in a bourse statement on Sunday that it is currently reviewing capital hike requirements with Aldukheil Financial Group (AFG), its financial adviser in its upcoming offering.

 

Anaam added that it is also preparing data as part of the process.

 

Argaam reported in April on a recommendation from the company’s board of directors to hold a SAR 110 million rights issue to raise capital.

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