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Anaam International Holding Group Co. announced the prospectus for its capital increase through offering rights issue shares worth SAR 210 million.

 

The capital will be increased to SAR 315 million through offering 21 million rights issue shares at a nominal value of SAR 10 apiece.

 

The capital hike is aimed at financing the execution of future plans and projects and purchasing income-generating real estate assets.

 

The Capital Market Authority (CMA) approved, on March 17, Anaam’s application to increase capital through a rights issue, as per Argaam data.

 

Capital Hike Details

Current capital

SAR 105 mln

Number of shares

10.5 mln 

Capital hike%

200%

Capital after increase

SAR 315 mln

Number of shares after increase

31.5 mln 

 

Rights Issue Details

Number of offered shares

21 mln 

Offering price per share

SAR 10

Size of issue

SAR 210 mln

Eligibility coefficient

Nearly 2 right for every share held

Record date

Shareholders of record by the close of trading on the second day following the extraordinary general meeting (EGM) date

Rights issue proceeds

Investment in diversified income generating assets

SAR 65 mln

Payment of dues to the Zakat, Tax and Customs Authority

SAR 45 mln

Payment of deposits of auction shares under settlement

 

Working Capital            SAR 12 mln

SAR 75 mln

Payment of the offering fees and costs

SAR 13 mln

 

For More IPOs

Rights Issue Prospectus

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