Anaam shareholders to vote on capital increase via SAR 210 mln rights issue on May 17

25/04/2022 Argaam
Logo of Anaam International Holding Group

Logo of Anaam International Holding Group

Anaam International Holding Group’s shareholders will vote on the board’s recommendation to increase capital to SAR 315 million via a SAR 210 million rights issue, during the extraordinary general assembly meeting (EGM), scheduled for May 17.

 

The capital increase is aimed to finance working capital, invest in real estate assets and acquire stakes in privately-owned companies.

 

In case shareholders agree on the capital top-up, eligibility will be for those holding shares on the day of upcoming EGM and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date.

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