ANAAM HOLDING
4061
-1.11%
0.89
-0.01
4061
Riyadh – Mubasher: The board of Anaam International Holding Group has recommended raising the company’s capital by SAR 75 million through a rights issue.
The company aims at financing its future plans and projects and expand its various activities, according to a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.
The group’s board recently recommended reducing the company’s capital by 92.35% from SAR 196 million to SAR 15 million, in order to offset accumulated losses.
Source:
Mubasher