Anaam International Holding Group issued prospectus for its SAR 90 million rights issue through offering 9 million shares, the company said in a bourse filing on Tuesday.
The offering price was set at SAR 10 per share, to increase capital from SAR 15 million to SAR 105 million.
Anaam’s shareholders will vote on the board of directors’ recommendation to increase capital in the extraordinary general meeting (EGM) scheduled for Oct. 27, following the approval of the Capital Market Authority (CMA) last September, Argaam reported.
|
Capital Hike Details |
|
|
Current Capital |
SAR 15 mln |
|
Number of shares |
1.5 mln shares |
|
Capital hike percentage |
600% of issued capital |
|
Capital after increase |
SAR 105 mln |
|
Number of shares after increase |
10.5 mln shares |
|
Rights Issue Details |
|
|
Number of rights shares |
9 million shares |
|
Offering price per share |
SAR 10 |
|
Size of issue |
SAR 90 mln |
|
Record date |
Shareholders of record by the close of trading on the second day following the EGM date |
|
Rights issue proceeds |
To finance the restructuring of Anaam’s business activities, to include logistics services in the food sector, agricultural business and investment in income-generating assets |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}