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Alinma Investment Company announces the results of the public offering of the Alinma Hospitality REIT Fund

27 Rabiʻ II 1444 AH H - 21 November 2022 G

Alinma Investment Company, in its capacity as the fund manager of the Alinma Hospitality REIT Fund, announces the results of the public offering of Alinma Hospitality REIT Fund offered in the main market (TASI) with total amount of capital SAR 1,020,021,000.

 

Fund name

Alinma Hospitality REIT Fund

The date of the end of the offering

Wednesday 22/04/1444H corresponding to 16/11/2022G

Total cash amount offered

511,401,000 Saudi riyals.

Fund Manager’s subscription

100,000,000 Saudi riyals.

Total amount raised (Excluding the fund manager subscription)

560,942,450  Saudi riyals.

Number of subscribers

184,572  subscriber

Individuals allocation mechanism

A minimum of 50  units to each Individual investor, with the remaining offered units allocated on a pro-rata basis.

Date of refunding of surplus

Within a maximum of 5 working days.

Fund operation date

Alinma Investment Company, in its capacity as the Fund Manager and IPO Manager, will complete the necessary procedures with the Saudi Tadawul Group “Tadawul Saudi Arabia” and then confirm the date for listing the shares of Alinma Hospitality REIT Fund in the main market “TASI”.

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