The Board of Directors of SANAM Group Holding Company, approved in its meeting held on Wednesday, 23/07/2025, the acquisition by its subsidiary, SANAM Capital Holding, of an additional 23.763% stake in ADDAX, a Bahraini closed joint stock company, for a total amount of KWD 1,458,483, raising the ownership of the Group and its subsidiary to 54.048%.
The Board also approved increasing the capital of ADDAX to USD 9,300,000, with USD 5,026,464 share value by SANAM Group Holding and its subsidiary. In addition, SANAM Group's 30.285% stake in ADDAX will be transferred to its subsidiary.
