Anaam board recommends SAR 157.5 mln capital increase via rights issue

Logo of Anaam International Holding Group

Anaam International Holding Group’s board of directors recommended on Oct. 3 to increase capital by SAR 157.5 million via a rights issue, according to a bourse filing.

Capital Increase Details
Current Capital	SAR 315 mln
Number of Shares	31.5 mln
Recommended Increase	SAR 157.5 mln
Percentage of Capital	50%
Eligibility	To support working capital, reduce interest rates, and support business growth of the company
Record Date	Shareholders of record on the extraordinary general meeting (EGM) and those registered with Edaa on the second day of trading after the meeting date
Required Approvals	The approvals of the competent authorities and the EGM
Financial Advisor	Wasatah Capital

Wasatah Capital was appointed as the financial advisor for the offering .

The company will duly announce the related developments upon submitting the request to the Capital Market Authority (CMA).

This will be the fourth time for Anaam to increase capital via a rights issue, with earlier increases coming in 2012, 2020, and 2021.

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