Anaam issues prospectus for SAR 236.25M rights issue

Logo of naam International Holding Group Co.

Anaam International Holding Group announced the prospectus for its capital increase through a SAR 236.25 million rights offering.

The company will offer 472.50 million shares at SAR 0.50 each, to increase the capital from SAR 315 million to SAR 551.25 million.

The company's shareholders will vote on the board’s recommendation to increase capital through a SAR 236.25 million rights offering, during an extraordinary general meeting (EGM) to be held on March 4.

The Capital Market Authority (CMA) approved earlier this month the request received from the company to increase capital through a rights issue, as per Argaam's data.

Capital Increase Details
Current Capital	SAR 315 mln
Current Number of Shares	630 mln
New Capital	SAR 551.25 mln
New Number of Shares	1.10 bln
Percentage Increase	75%

Rights Issue Details
Offered Shares	472.5 mln
Offer Price	SAR 0.50
Issue Size	SAR 236.25 mln
Eligibility Ratio	Each listed shareholder shall have the right to subscribe to 0.75 share per each share held
Offering Proceeds	Investing in privately held companies and projects in the packaging materials, auto spare parts, and food products sectors	100
	Investment in securities sector	20
	Renovation of commercial properties	10
	Lowering financing costs	75.25
	Financing working capital	16.00
	Offering costs	15.00
	Total	236.25

Additional Information
Financial Advisor and Underwriter	Wasatah Capital
Lead Manager	Al-Nefaie Investment

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