Riyadh – Mubasher: Anaam International Holding Group’s board recommended raising the company’s capital by SAR 210 million through a rights issue.

The holding firm aims to finance and complete its future plans and projects, expand its activities, acquire profitable assets, and buy or invest in income-generating companies and assets, according to a bourse filing on Tuesday.

The capital hike will be subject to the approvals of relevant authorities and the extraordinary assembly.

Wasatah Capital has been hired as the offering’s financial advisor.