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Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Anaam to raise US$42m

Major poultry producers urge farmers to adopt e-marketing technologies. (AFP)
By TRENDS Desk
October 4, 2022 2:43 pm
  • According to a bourse filing, the capital increase is aimed at boosting the working capital, lowering the loan rates, and supporting the business growth of the company
  • The capital hike is subject to the approval of the relevant official authorities and the company’s shareholders

Riyadh, Saudi Arabia— The board of Anaam International Holding Group, Saudi poultry processing firm, has recommended an increase in capital of $42 million through a rights issue, resulting in a rise in its share price.

Anaam International’s share price climbed 3.53 percent to reach SR24.66, at 10:06 a.m. Saudi time.

According to a bourse filing, the capital increase is aimed at boosting the working capital, lowering the loan rates, and supporting the business growth of the company.

The capital hike is subject to the approval of the relevant official authorities and the company’s shareholders.

Wasatah Capital was appointed to act as the financial advisor to the offering.

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