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

Capital increase percentage

600% of issued capital

New Capital

SAR 105 mln

New number of shares

10.5 mln shares

 

Rights Issue Details

Number of rights issue shares

9.0 mln shares

Offer price

SAR 10

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

 

For More IPOs 

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