Anan launches a strategic capital increase of up to AED 350 million

Anan Investment Holding Capital Increase Overview

Anan Investment Holding PJSC (“ANAN”, the “Company”, or the “Issuer”) has published on 11 May 2026 the invitation to the shareholders to subscribe for New Shares, by way of a capital increase, as approved by the general assembly of the Company (the “General Assembly”) and the Ministry of Economy (the “Ministry”). This initiative is a pivotal capital structure strengthening exercise designed to drive sustainable, long-term growth for our shareholders.

Anan launches a strategic capital increase of up to AED 350 million

Anan Investment Holding Capital Increase Overview

Anan Investment Holding PJSC (“ANAN”, the “Company”, or the “Issuer”) has published on 11 May 2026 the invitation to the shareholders to subscribe for New Shares, by way of a capital increase, as approved by the general assembly of the Company (the “General Assembly”) and the Ministry of Economy (the “Ministry”). This initiative is a pivotal capital structure strengthening exercise designed to drive sustainable, long-term growth for our shareholders.

Capital Increase

 

AED 350,000,000

new cash shares

 

 

350,000,000

Subscription price

AED 1.00

New Share for every existing share held

0.1513

Capital Increase

AED 350,000,000

New cash shares

350,000,000

Subscription price

AED 1.00

New Share for every existing share held

0.1513

Capital Increase Overview

Capital Increase Overview

The Company’s General Assembly convened on 28 April 2026 approved a capital increase of up to AED 350,000,000 through the issuance of up to 350,000,000 new cash shares at par value offered exclusively to existing shareholders in proportion to their current holdings (the “Capital Increase”).

This website serves as a central resource for information regarding the Capital Increase. Here, you’ll find key documents, learn more about ANAN, and details related to the Capital Increase

Rationale for the capital increase

The Company intends to use the net proceeds from the Capital Increase to strengthen the Company’s capital structure, to restructure its outstanding debts, and to enhance working capital and support operations and future growth.

Transaction details

The proposed capital increase will increase ANAN’s issued share capital from AED 2,312,729,034 up to an amount not exceeding AED 2,662,729,034 through the issuance of up to 350,000,000 new shares (the “New Shares”).

The New Shares will be issued at an issue price of AED 1.00 per new share, at par to the nominal value of AED 1.00 per new share. This represents a discount of [●]% to the closing share price of ANAN’s shares on the Abu Dhabi Securities Exchange as of [●] May 2026.The Capital Increase will be conducted through the issuance of New Shares to eligible shareholders who are registered shareholders of the Company as of market close on Thursday 19 May 2026 (the “Registered Shareholders”). Each Registered Shareholder on the Eligibility Date will be entitled to subscribe for up to 0.1513 New Share for every existing share held.

The capital increase has received all necessary approvals from the Ministry of Economy.

ISIN: AEW000201015

  • Subscription price: AED 1.00 per new share

  • Offered shares: Up to 350,000,000

  • Subscription ratio: Each Registered Shareholder on the Eligibility Date will be entitled to subscribe for up to 0.1513 New Share for every existing share held

Important Dates

15 May 2026

Last day for new investors, and existing shareholders who wish to increase their allocation, to purchase existing ANAN shares and be eligible. This allows the time needed for trade orders to settle on the ADX which operates on a T+2 basis

19 May 2026

Option to subscribe to new shares will be granted to all shareholders recorded on ANAN’s share register as of the market close on this ‘record date’

21 May 2026

Subscription Opening Date

10 June 2026

Subscription Closing Date

18 June 2026

Date of allocation

25 June 2026

Refund date

On or around 1 July 2026

Commencement of Dealings in the New Shares

About Anan

Anan is a UAE-based investment and holding company listed on the Abu Dhabi Securities Exchange. Established in 2008, its primary operations focus on the development, investment, and asset management of large-scale master-planned communities. The company is currently undergoing a flagship project, called Arabian Hills and is also assessing other development projects in the UAE, KSA, Morocco and Iraq.

Aligned with Abu Dhabi Vision 2030, Anan operates under the principles of sustainable economics, transparent financial policies, and flexible financing plans that have earned the trust of investors and future homeowners.

Frequently Asked Questions

The Capital Increase is a way for the Company to raise additional capital by offering New shares to its existing shareholders.

The purpose of the restructuring is to strengthen the Company’s capital structure, restructure its outstanding debts and to enhance working capital and support operations and future growth.

The New shares will be issued at an Issue Price of AED 1.00 with a nominal value of AED 1.00.

The proposed capital increase will increase ANAN’s issued share capital from AED 2,312,729,034 up to an amount not exceeding AED 2,662,729,034 through the issuance of up to 350,000,000 New shares.

Post issuance, the New shares will rank equally with existing Shares in all respects, including entitlement to future dividends.

The Capital Increase will be conducted through the issuance of New shares to eligible shareholders who are registered shareholders of the Company as of market close on 15 May 2026, which is the last trading day to receive New shares on the Eligibility Date (19 May 2026). For the avoidance of doubt, there will not be tradeable rights. If investors do not participate in the Transaction, this right will lapse, with no compensation for investors.

Yes, the share price of the Company will be adjusted to account for the increase in the number of issued shares.

Each Shareholder who owns Anan shares on the Eligibility Date may subscribe to any number of shares; however, Shareholders will be entitled to receive full allocation of a minimum of 0.1513 New shares for every existing share held, rounded down to the closest integer. Any Additional Shares subscribed will be allocated on a pro-rata basis depending on the total number of excess subscriptions by eligible Shareholders.

It is for the shareholder to decide whether or not to subscribe, and in case of subscription, the amount of its subscription. Shareholders may decline to subscribe for New shares. If they do, their right to subscribe will lapse without being transferable, and their ownership stake in the Company will be diluted

The subscription application must be submitted by Shareholders to any of the branches of the Lead Receiving Bank and the Shareholder’s bank account number must be provided, together with the payment for the amount to be used to purchase or subscribe for the New Shares, which is to be paid in one of the following ways:

  • Manager’s Cheque, in favour of “ Anan Capital Increase”;
  • Debiting the Shareholder’s account with the Lead Receiving Bank;
  • FTS mode; or
  • Electronic subscriptions through ATM and internet banking for customers of the Lead Receiving Bank.
  • Shareholders choosing the FTS mode will be required to provide their NIN along with the value of New Shares subscribed for, broker name and mobile number in the special instructions field.Account holders with the Lead Receiving Bank can subscribe via ATM and internet banking. Shareholders accessing the ATM with their debit card and the internet banking with password as is customary with electronic banking transaction will be deemed sufficient for the purpose of identification and the documentation requirement will not be applicable to such Shareholders.The limit of subscription via ATMs and internet banking is AED 2 million for each application. Applicants who want to subscribe for an exceeding amount will have to visit any branch of the Lead Receiving Bank listed in paragraph 11 below.

    The ADX website (www.adx.ae) [●].

    The subscription amount may not be paid or accepted by the Lead Receiving Bank using any of the following methods:

    • in cash;
    • cheques that are not Manager’s Cheque; or
    • any other mode of payment other than mentioned above.

If you choose not to subscribe for New shares, your percentage ownership in ANAN will decrease, and you will suffer an immediate dilution in your interest in the Issuer.

This is because, while the total number of shares of ANAN will increase through the Capital Increase, the number of shares that you own will not increase in the same proportion, unless you subscribe for New shares. This will have implications – for example, your share of votes at shareholder meetings will decrease, and your share of the dividends paid by ANAN will decrease, in the event that ANAN declares a dividend in the future.

Dilution occurs when a shareholder does not subscribe for New shares in full. As the total number of shares will increase as a result of the issuance of New shares, each existing share will represent a smaller percentage of ownership.

To check if your NIN is valid, for retail investors, please contact ADX Investor Service Center at ADX (Monday to Friday, 8:00 a.m. to 3:00 p.m.).

If you did not apply for an Investor Number at the ADX before, please apply through: (i) ADX Mobile App with UAE Pass (for Emirates ID card holders and non–Emirates ID card holders) (ii) Customer Service Offices (at all ADX branches); (iii) Accredited Brokerage Firms (You may check the list of approved brokerage firms through ADX); or (iv) TAAM platform. Please visit the ADX website for more information.

For shareholders using the services of a local custodian, please contact either your global custodian or your local custodian.

The Subscription Period runs from 21 May 2026 to 10 June 2026.

Yes. Shareholders can subscribe for more shares during the Subscription Period, and they will need to pay for the full number of shares they wish to subscribe for. If shareholders do not subscribe in full for all of the New shares, the remaining shares will be allocated to individuals or organizations that subscribed for Additional New shares, on a pro rata basis.

There is, therefore, no guarantee that the shareholders applying for Additional New shares will receive the number of Additional New shares applied for.

The allotment of the New Shares will be as stated, and in the same order of priority, below:

  • First, to Shareholders who subscribe for New Shares in an amount equal to the number of New Shares for which they have applied, to the extent that such number is equal to or less than the number of New Shares they are eligible to subscribe for.
  • Second, to the extent that any New Shares remain unsubscribed thereafter, to Shareholders who subscribe for Additional New Shares in an amount equal to the number of Additional New Shares for which they have applied in excess of the number of shares they respectively hold.

The allocation of Additional New Shares to Shareholders who have subscribed for Additional New Shares will be allocated after allocations to Shareholders who have subscribed for a number of New Shares equal to or less than the number of shares they are entitled to and will be on a pro rata basis, scaled back (if necessary) in accordance with the proportion that the number of Additional New Shares requested by the Shareholder represents to the total number of Additional New Shares requested by all Shareholders who subscribed for Additional New Shares.

No, Shares purchased after the 15 May 2026 will not carry the right to receive New shares. In order to be eligible to subscribe for New shares, you must ensure that you execute any purchase orders for shares by 15 May 2026, at least two days prior to the Eligibility Date, to allow for the settlement of trades on the ADX (which operates on a T+2 basis).

The New shares are expected to be admitted to trading on the ADX on or around 1 July 2026.

Yes, you can apply for less than your entitlement under the Capital Increase. However, if you subscribe for less New shares under the Capital Increase your proportionate ownership and voting interests in ANAN will be diluted accordingly.

Yes, you can apply for more than your entitlement under the Capital Increase.

Yes, you will receive a refund in respect of the number of Additional New shares that you have not received. Refunds for unallocated shares will be processed within five business days of the allocation date and will be processed through the same payment method used for the subscription.

Subscription applications are available at any of the branches of Emirates NBD listed below.

EMIRATES BRANCH Location Working Hours IPO Working Hours Contact
Dubai Jumeirah Branch Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai Monday to Thursday
(8:00 AM – 3:00 PM)		 Monday to Thursday
(8:00 AM – 1:00 PM)		 800 ENBD IPO (800 3623 476)
Friday
(8:00 AM – 11:30 AM)		 Friday
(8:00 AM – 11:00 AM)
Saturday
(8:00 AM – 3:00 PM)		 Saturday
(8:00 AM – 1:00 PM)
Abu Dhabi Khalifa Branch Ground Floor, Al Neem Building, Shaikh Khalifa Street, Abu Dhabi Monday to Thursday
(8:00 AM – 3:00 PM)		 Monday to Thursday
(8:00 AM – 2:00 PM)		 800 ENBD IPO (800 3623 476)

 
Friday
(8:00 AM – 11:30 AM)		 Friday
(8:00 AM – 11:00 AM)
Abu Dhabi (Al Ain City) Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain Monday to Thursday
(8:00 AM – 3:00 PM)		 Monday to Thursday
(8:00 AM – 1:00 PM)		 800 ENBD IPO (800 3623 476)
Friday
(8:00 AM – 11:30 AM)		 Friday
(8:00 AM – 11:00 AM)
Saturday
(8:00 AM – 3:00 PM)		 Saturday
(8:00 AM – 1:00 PM)

advisors

Lead Receiving Bank

Emirates NBD Bank PJSC

Legal Advisor

Al Tamimi & Company

Key Documents

Prospectus

Press release

Contact Us

For any queries, please contact: (i) Anan Investment Holding P.J.S.C.’s investor relation at investor.relations@anan.ae or (ii) Lead Manager and Bookrunner’s call centre at 800 ENBD IPO (800 3623 476).