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Announcement from Mulkia Investment Company about the result of the subscription in the increasing of the total asset value of Mulkia Gulf Real Estate REIT Fund
| Element List | Explanation |
|---|---|
| Announcement Detail | Mulkia Investment Company, in its capacity as the manager of Mulkia Gulf Real Estate REIT Fund, announces the results of the additional offering process of increasing the total asset value of the Fund, which ended on Wednesday 09/07/1444 AH corresponding to 03/29/2023 G. The total value of cash and in-kind subscriptions amounted to (280,529,351.88) Saudi riyals, including cash subscriptions of (245,529,351.88) Saudi riyals, which represents a coverage ratio of (309.66%) to the total cash offering at the minimum limit, and (114.50%) to the total cash offering at the maximum limit. Accordingly, the cash offering has been covered and reached its maximum limit. The Additional offering witnessed the participation of individual and institutional investors with a total of (70,406) subscribers, while the number of subscription requests reaches (33,241) requests. The units will be allocated within 15 business days from the closing date of the additional offering period in accordance with the allocation mechanism disclosed in the supplementary annex of the Fund’s terms & conditions. The new units will also be listed and traded after completing all relevant legal procedures. |
The Capital Market Authority and Saudi 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.
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Last Price 5.41
Net Change 0.03 (+0.56%)
Value Traded (Sar) 782,424.54
Volume Traded 145,265
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