Logo of Anaam International Holding Group
Anaam International Holding Group Co. announced the prospectus for its capital increase through offering rights issue shares worth SAR 210 million.
The capital will be increased to SAR 315 million through offering 21 million rights issue shares at a nominal value of SAR 10 apiece.
The capital hike is aimed at financing the execution of future plans and projects and purchasing income-generating real estate assets.
The Capital Market Authority (CMA) approved, on March 17, Anaam’s application to increase capital through a rights issue, as per Argaam data.
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Capital Hike Details |
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Current capital |
SAR 105 mln |
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Number of shares |
10.5 mln |
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Capital hike% |
200% |
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Capital after increase |
SAR 315 mln |
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Number of shares after increase |
31.5 mln |
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Rights Issue Details |
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Number of offered shares |
21 mln |
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Offering price per share |
SAR 10 |
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Size of issue |
SAR 210 mln |
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Eligibility coefficient |
Nearly 2 right for every share held |
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Record date |
Shareholders of record by the close of trading on the second day following the extraordinary general meeting (EGM) date |
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Rights issue proceeds |
Investment in diversified income generating assets |
SAR 65 mln |
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Payment of dues to the Zakat, Tax and Customs Authority |
SAR 45 mln |
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Payment of deposits of auction shares under settlement
Working Capital SAR 12 mln |
SAR 75 mln |
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Payment of the offering fees and costs |
SAR 13 mln |
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