The shareholders of Anaam International Holding Group gave the go-ahead, on Oct. 27, to increase capital from SAR 15 million to SAR 105 million through a SAR 90 million rights issue, the company said in a bourse filing on Wednesday.
|
Key Figures of the Capital Increase |
|
|
Current Capital |
SAR 15 mln |
|
Number of shares |
1.5 mln shares |
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Capital increase percentage |
600% of issued capital |
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New Capital |
SAR 105 mln |
|
New number of shares |
10.5 mln shares |
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Rights Issue Details |
|
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Number of rights issue shares |
9.0 mln shares |
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Offer price |
SAR 10 |
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Offer size |
SAR 90 mln |
|
Record date |
By the close of trading on the second day following the extraordinary general meeting date |
|
Rights issue proceeds |
To finance future expansions |
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