The Capital Market Authority approves an increase in the capital of "Anaam Holding"

The Capital Market Authority announced the issuance of its decision, which included approval of the request of Anaam International Holding Group to increase the company's capital by offering priority rights shares of 90 million riyals.

The company said in a statement to the Saudi Market (Tadawul), that the eligibility to increase the capital will be for the shareholders registered in the source shareholders register at the Depository Center at the end of the second trading day following the date The extraordinary general meeting that decided to increase the capital by offering shares of priority rights, whose date will be determined by the company's board of directors at a later time.

The offer price and the number of shares offered for subscription by the company will be determined after the end of trading on the day of the Extraordinary General Assembly.

and after studying the request from the authority in light of the regulatory requirements and the quantitative and qualitative standards applied to all companies that apply to increase their capital, the Capital Market Authority issued its decision containing approval of the request (Anaam) set forth above. The prospectus for the rights issue shares will be published and made available to the public at a later time.

The investment decision based on the announcement of the news of the company’s capital increase, whether the announcement is a recommendation from the concerned company’s board of directors or in the form of the Authority’s approval of the prospectus for increasing Capital by offering rights issue shares without going through the prospectus and studying its content, may involve high risk.

Therefore, the investor must review the prospectus, which contains detailed information about the company, the offering and the risk factors, and carefully study it to assess the feasibility of investing in the offering or not in light of the risks The accompaniment, and in the event that it is not possible to understand the contents of the prospectus, it is preferable to consult a licensed financial advisor.

The approval of the Authority on the prospectus should not be seen as an endorsement of the feasibility of investing in the offering or in the shares of the company concerned, as the Authority’s decision to approve the prospectus means That the statutory requirements have been complied with according to the Capital Market Law and its implementing regulations.

(Amazon Fun Knowledge)