Anaam Holding submits capital hike request to CMA

13/05/2020 Argaam

Anaam International Holding Group Co. submitted today a request to increase capital through a rights issue to the Capital Market Authority (CMA).

 

Any updates in this regard will be announced in a timely manner, the company said in a bourse statement on Wednesday.

 

In February, Anaam’s board of directors amended its capital hike recommendation to SAR 90 million from SAR 75 million through a rights issue, to finance future plans, projects and expand various activities.

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