Anaam rights trading period closes today

30/05/2022 Argaam Special
Logo of Anaam International Holding Group

Logo of Anaam International Holding Group


Anaam International Holding Group will close today, May 30, the rights trading period to increase its capital to SAR 315 million from SAR 105 million. 

 

The subscription to new shares began on May 23 and will continue through June 2.

 

Rights holders are entitled to subscribe to the new shares partially or fully pro rata.

 

Capital Increase Highlights

Current capital

SAR 105 mln

Number of shares

10.5 mln

Increase percentage

200%

Capital after increase

SAR 315 mln

Number of shares after increase

31.5 mln

 

Rights Issue Highlights

Number of offered shares

21 mln

Offer price

SAR 10

Issue size

SAR 210 mln

Eligibility coefficient

Two rights for every share held

Record date

Shareholders registered with the Securities Depository Center (Edaa) by the close of the second trading day after the EGM date

Reason for capital increase

To finance working capital, invest in real estate assets and acquire stakes in private firms

 

For More IPOs

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