Anaam rump offering 311.79% oversubscribed

Logo of Anaam International Holding Group

Anaam International Holding Group announced today, June 13, that its rump offering was 311.79% oversubscribed, according to a bourse filing.

The number of shares sold amounted to 2.55 million. That is why the number of unsubscribed shares was changed to 2.67 million, which was disclosed in the company’s announcement on the Saudi Exchange (Tadawul), due to the adjustment of the number of shares after matching with the receiving parties, according to a statement by the company's financial advisor Wasatah Capital and lead manager Al Nefaie Investment Group.

Subscription to the company's rights issue shares closed on June 2, according to Argaam's data.

During the subscription period, which began on May 23, the company offered 21 million shares at SAR 10 each, totaling SAR 210 million, to increase capital from SAR 105 million to SAR 315 million.

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