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.