Anaam Holding rights trading period ends today

Anaam International Holding Group rights trading period ends today, Nov. 9, 2020.

Rights trading started on Nov. 2, to increase the company’s capital from SAR 15 million to SAR 105 million, through a rights issue of nine million shares at SAR 10 per share.

Rights issue subscription period, also started on Nov. 2, will end on Nov. 12, 2020.

Rights holders are entitled to subscribe to the new shares partially or fully on a pro rata basis. Unsubscribed shares and share fractions will be offered to institutional investors.

Key Figures of the Capital Hike
Current capital	SAR 15 mln
Number of shares	1.5 mln shares
Hike (%)	600% of issued capital
New capital	SAR 105 mln
New shares	10.5 mln shares
Rights Issue Details
Number of rights issue shares		9 mln shares
Issue price		SAR 10
Issue size		SAR 90 mln
Record date		Oct. 27, 2020 (Registered shareholders on the second day following the EGM date on Oct. 29, 2020)
Rights coefficient		Each shareholder is entitled to six rights for every share held
Start of right issue trading and subscription period		Nov. 2, 2020
End of rights issue trading		Nov. 9, 2020
End of subscription period		Nov. 12, 2020
Use of Proceeds		To finance future plans and expansions

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