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AlKhair Capital announces the Offering of First Avenue Real Estate Development Company and the listing of its shares on the Parallel Market (“NOMU”)
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| Announcement Detail | AlKhair Capital in its capacity as the Financial Advisor and Lead Manager on the potential offering of First Avenue Real Estate Development Company (the “Company”) announces the intention of the Company to offer (16,423,953) ordinary shares representing (8.01%) of the Company’s shares post Offering (“the Offering”), and the listing of the Company’s shares on the Parallel Market (“NOMU”). The Saudi Exchange approved the Company’s application for listing its shares on the Parallel Market (“NOMU”) on 15-09-1445H (corresponding to 25-03-2024G) and the Capital Market Authority (“CMA”) approved the Company’s application for the registration and offering of the Company’s shares on the Parallel Market (“NOMU”) on 28-11-1445H (corresponding to 05-06-2024G). The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period. The Offering Period will begin on Tuesday 07-03-1446H (corresponding to 10-09-2024G) and will end on Monday 13-03-1446H (corresponding to 16-09-2024G). For more information, and to view the prospectus [in Arabic], please visit the Capital Market Authority website: https://cma.org.sa/Market/Prospectuses/Documents/First_avenue_ar.pdf |
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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