Anaam GA Approves BOD Recommendation to Increase Capital to SR315 mln by Offering Rights Issue

Anaam International Holding Group Company announced on Wednesday the results of the Extraordinary General Assembly meeting (the Third meeting), which was held at exactly six thirty in the evening on Tuesday 17-5-2022 by means of modern technology using the Tadawulaty Note that the third meeting shall be valid regardless of the number of shares represented in the meeting. The percentage of attending shareholders is 16.56%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1/ Approval of the Board of Directors’ recommendation to increase the capital by offering priority rights according to the following:

a) The company’s capital before the increase is (SR105,000,000) divided into (10,500,000) ordinary shares.

b) The company’s capital after the increase is (SR315,000,000) divided into (31,500,000) ordinary shares.

c) The total amount of the increase is (210,000,000)

d) Change in capital: 200%

e) Number of shares before the increase: (10,500,000) shares

f) Number of shares after the increase: (31,500,000) shares

g) Ratio of increase per share: 2 right shares for each share

h) The reason for the capital increase: The company aims to finance working capital, invest in real estate assets and own stakes in privately owned companies

i) Eligibility Date: If the item is approved, eligible shareholders are those holding shares on the day of convening the Extra-Ordinary General Assembly and who are registered in the shareholders’ registry with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the eligibility date.

j) The value of the offer for each share and its nominal value: SR10

k) Number of shares offered: 21,000,000 ordinary shares

l) Amending Article (7) of the company’s bylaws relating to (The Capital).

m) Amending Article (8) of the company’s bylaws related to (subscribing to shares).

2/ Approval on the amendment of Article (26) of the company’s bylaws relating to (Assemblies Attendance).

3/ Approval of updating the work list of the Audit Committee.