Anan Investment Holding announced the launch of a capital increase of up to AED 350 million following approval from the company’s General Assembly held on 28 April 2026.
The capital increase will be conducted through the issuance of up to 350 million new shares at a par value of AED 1.00 per share, offered exclusively to existing shareholders in proportion to their current holdings as recorded on the Abu Dhabi Securities Exchange shareholders’ register dated 22 May 2026.
According to the company, the proceeds from the capital increase will be used to strengthen its capital structure, restructure outstanding debt obligations, enhance working capital and support future growth initiatives.
Following completion of the transaction, Anan’s issued share capital is expected to increase from AED 2.31 billion to an amount not exceeding AED 2.66 billion.
The company stated that the new shares will be issued at AED 1.00 per share, representing a discount of approximately 83.3% to the closing market price of Anan’s shares on the ADX as of 14 May 2026.
Subscription rights will be available to shareholders registered as of the eligibility date, with the subscription period scheduled to open on 1 June 2026 and close on 12 June 2026.
Each eligible shareholder will be entitled to subscribe for up to 0.1513 new shares for every existing share held.
Emirates NBD Capital has been appointed as Lead Manager for the transaction, while Emirates NBD Bank and First Abu Dhabi Bank will act as receiving banks.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / Anan Investment Holding
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.