SANAM Holding Group Capital Increase Oversubscribed by 618%

SANAM Holding Group announced the successful completion of its capital increase subscription, with the issuance of 110,250,000 new shares. Following the completion of official procedures, the company's capital will rise to KD 22,050,000. The offering was oversubscribed by an exceptional 618%.

Commenting on the achievement, Mr. Waleed Hamad Al-Sumait, Chairman of Sanam Holding Group, stated: "We are proud of this remarkable milestone, which represents a pivotal step in the Group's journey. The overwhelming response to the offering reflects the shareholders' strong confidence in SANAM's strategic direction and long-term vision for sustainable growth."

Dr. Sulaiman Tareq Al-Abduljader, Vice Chairman and CEO of SANAM Holding Group, expressed his appreciation for the shareholders' support, saying: "We sincerely thank our shareholders for their renewed trust in SANAM Holding Group. Their confidence inspires us to stay the course in executing our strategic vision and delivering on our commitments."

He added: "This capital increase forms a cornerstone of our transformation strategy, which is centered on Alternative Investments across key sectors such as education, healthcare, and industry. Our objective is to generate attractive, long-term returns for our shareholders."

Dr. Al-Abduljader concluded: "We would also like to extend our gratitude to the Capital Markets Authority, Boursa Kuwait, Kuwait Clearing Company, and Al Masar Leasing and Investment Company—the investment advisor—for their instrumental roles in facilitating and overseeing the regulatory procedures related to the offering."