Anaam rights trading, subscription period to start tomorrow

01/11/2020 Argaam

The Saudi Stock Exchange (Tadawul) announced that the subscription period and rights trading for Anaam International Holding Group will start tomorrow, Nov. 12.

 

Rights trading will end on Nov. 9, and subscription to the new shares will close on Nov. 12.

 

Rights holders are entitled to subscribe to the new shares partially or fully on a pro rata basis. Unsubscribed shares, and share fractions, will be offered to institutional investors.

 

In case of under subscription, lead manager and underwriter Wasatah Capital will subscribe to these rights.

 

Earlier today, the Securities Depository Center Co. (Edaa) deposited Anaam International Holding Group’s tradable rights into the accounts of eligible securities’ holders, Argaam reported.

 

The company’s shareholders approved, on Oct. 27, the board of directors’ recommendation to increase capital from SAR 15 million to SAR 105 million through a SAR 90 million rights issue.

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