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”. |