“Anaam Holding” BOD recommends increasing the capital through issuing priority rights shares worth 105 million riyals

Anaam International Holding Group Company announced the recommendation of the Board of Directors to increase the capital through issuing priority rights shares worth 105 million riyals, in order to finance working capital, reduce lending rates, and support, develop and improve the company’s future activities.

It was decided that the eligibility will be for shareholders who own shares on the day of the Extraordinary General Assembly meeting that decided to increase the capital through issuing priority rights shares and whose names appear in the issuer’s shareholders’ register at the Depository Center at the end of the second trading day following the date of the assembly.

The company said in a statement today on “Tadawul” that Al-Bilad Financial has been appointed as a financial advisor for the subscription and submission of the capital increase request file, indicating that the date of submitting the capital increase request file to the Capital Market Authority and any future developments in this regard will be announced later.