Anaam Holding Approves Share Nominal Value Adjustment

Anaam International Holding Group Co. announced on Thursday the approval of the Extraordinary General Assembly Meeting (Third Meeting) to amend the Company’s shares.

The Company explained that the nominal value of the share will become SAR 10 instead of 50 halalas, while the number of shares will become 31.5 thousand shares instead of 630 thousand shares. It indicated that there is no change in the Company’s capital before and after the process of amending the shares.

It indicated that if the item is approved, the amendment decision will be effective for all shareholders of the Company who own shares on the day of the Extraordinary General Assembly Meeting and are registered in the Company’s shareholders’ register with the Securities Depository Centre Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly Meeting in which it was decided to amend the shares. The effect of the decision will be applied to the share price starting from the business day following the Assembly Meeting, provided that the number of shares in the shareholders’ portfolios will be applied at the end of the second trading day following the date of the Extraordinary General Assembly Meeting in which it was decided to amend the shares.

Article No. (6) of the Company’s Bylaws, relating to the Company’s capital was also amended, and Article No. (7) of the Company’s Bylaws, relating to subscription to shares was amended.