Logo ofAnaam International Holding Group
Anaam International Holding Group’s board of directors recommended today, Jan. 5, a capital increase through a rights issue worth SAR 105 million. 
In a statement to Tadawul, the company said the purpose of the increase is to fund working capital, reduce borrowing rates, and support, develop, and enhance its future activities.
For more news and details on MAs
The eligibility for the rights issue will apply to shareholders holding shares on the date of the extraordinary general meeting (EGM), which will approve the capital increase through the rights issue.
Eligible shareholders must also appear in the company’s shareholder register at the Securities Depository Center Co. (Edaa) by the end of the second trading day following the EGM date.
The company further announced the appointment of Albilad Capital as the financial advisor for the subscription process and the submission of the capital increase request.
Anaam stated that it will announce the submission date of the request to the Capital Market Authority (CMA) and provide updates on any future developments in due course. The capital increase is subject to the approval of the relevant regulatory authorities and the EGM.
According to data available with Argaam, the company’s EGM rejected, in its July meeting, a prior recommendation by the board to increase the company’s capital by 75% through a rights issue of 472.5 million shares, valued at SAR 236.25 million.
Additionally, on Dec. 10, 2024, the board recommended to the EGM reversing the nominal value of the company’s stock from SAR 0.50 per share to SAR 10 per share. This adjustment would reduce the company’s total shares from 630 million to 31.5 million, following a stock split in July 2023 that had reduced the nominal value from SAR 10 to SAR 0.50 per share.
Logo ofAnaam International Holding Group
Anaam International Holding Group’s board of directors recommended today, Jan. 5, a capital increase through a rights issue worth SAR 105 million.
In a statement to Tadawul, the company said the purpose of the increase is to fund working capital, reduce borrowing rates, and support, develop, and enhance its future activities.
For more news and details on MAs
The eligibility for the rights issue will apply to shareholders holding shares on the date of the extraordinary general meeting (EGM), which will approve the capital increase through the rights issue.
Eligible shareholders must also appear in the company’s shareholder register at the Securities Depository Center Co. (Edaa) by the end of the second trading day following the EGM date.
The company further announced the appointment of Albilad Capital as the financial advisor for the subscription process and the submission of the capital increase request.
Anaam stated that it will announce the submission date of the request to the Capital Market Authority (CMA) and provide updates on any future developments in due course. The capital increase is subject to the approval of the relevant regulatory authorities and the EGM.
According to data available with Argaam, the company’s EGM rejected, in its July meeting, a prior recommendation by the board to increase the company’s capital by 75% through a rights issue of 472.5 million shares, valued at SAR 236.25 million.
Additionally, on Dec. 10, 2024, the board recommended to the EGM reversing the nominal value of the company’s stock from SAR 0.50 per share to SAR 10 per share. This adjustment would reduce the company’s total shares from 630 million to 31.5 million, following a stock split in July 2023 that had reduced the nominal value from SAR 10 to SAR 0.50 per share.
