Al Rajhi Capital announces the subscription period for public offering related to Al Rajhi REIT Funds’ total asset value increase
|Announcement Detail||Al Rajhi Capital announces the subscription period for Al Rajhi REIT total asset value Increase offering to commence on 15/4/1441H corresponding to Thursday 12th December 2019 and end on 21/4/1441H corresponding to Wednesday 18th December 2019. |
IPO price is SAR 8.8 per unit. Participation in the total asset value increase will be available to all investors, whether existing unit holders (i.e. registered at Securities Depository Center (Edaa) by the end of the second trading day preceding the meeting which held on 31st Oct 2019) or new investors participating in this offering.
The allotment ratio for existing unit holders at time of subscription is 0.1379 i.e. Existing investor holding 10,000 units is entitled to get 1,379 units.
For further details refer the allocation mechanism mentioned in terms and conditions
The subscription will be available through Al Rajhi Bank and Al Rajhi Capital through following channels:
- AlRajhi Capital investment Centers
- AlRajhi Bank ATMs
- AlRajhi Bank mobile application
For subscription details, please refer to the Terms and Conditions of increasing the total asset value of the fund.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.