Anaam shareholders to vote on SAR 236.2M rights issue on July 30

02/07/2024 Argaam
Logo ofAnaam International Holding Group

Logo of Anaam International Holding Group

Anaam International Holding Group’s shareholders will vote on increasing capital by 75%, through a 472.5 million rights offering, valued at SAR 236.25 million, during the extraordinary general meeting (EGM) to be held on July 30, the company said in a statement to Tadawul.

 

Capital Increase Details

Current Capital  

SAR 315 mln

Number of Shares

630 mln

Nominal Value

SAR 0.5

Capital Hike (%)

75%

Method

Offering 472.5 mln shares

New Capital

SAR 551.25 mln

New Number of Shares

1.10 bln

Purpose of Capital Hike

Financing working capital, reducing lending rates, and supporting the company's future activities.

Record Date

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

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