Saudi Arabia’s Anaam International Holding Group has announced its board recommendation to increase capital by SAR 210 million ($56 million) to finance future projects, acquisitions and investments.
The company told the Saudi Stock Exchange (Tadawul) on Tuesday that its board had recommended increasing capital by offering right issues, targeting SAR 210 million ($56 million).
The holding company, which has food, agriculture and estate development businesses, has seen its share price increase by 9.91 percent today.
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021