Anaam International Holding Group Announces an update on Anaam International Holding Group announces the Board of Directors' Recommendation to increase the company's Capital by Offering Right Issues in the amount of 157.5 Million Riyals.
| Element List | Explanation |
|---|---|
| Introduction | Referring to the Announcement of Anaam International Holding Group Company of the Board of Directors’ Recommendation to increase the company’s Capital by Offering Right Issues, on October 4, 2022 AD, in order to obtain a total amount of 157,500,000 Riyals in order to finance working capital, reducing the loans rates, and supporting the business growth of the Company .
We report that the Board of Directors decided on 18/05/2023 AD, based on the studies that were conducted, to recommend an increase in the total amount to be obtained from 157.5 million Riyals to 236.25 million Saudi Riyals . |
| Previous Announcement | Anaam International Holding Group announces the Board of Directors' Recommendation to increase the company's Capital by Offering Right Issues in the amount of 157.5 Million Riyals. |
| Date of Previous Announcement on Tadawul's Website | 2022-10-04 Corresponding to 1444-03-08 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | N/A |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Impact of the Delay on the Company's Financial Results | N/A |
| Additional Information | Any developments in this regard will be announced later . |
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