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Announcement of the Completion of the Offering Period for Individual Investors for Alramz Real Estate Company
| Element List | Explanation |
|---|---|
| Announcement Detail | SNB Capital, in its capacity as the Financial Advisor, Lead Manager, Underwriter, and Bookrunner, on the Initial Public Offering (“IPO”) of Alramz Real Estate Company (the “Company” or “Alramz”) announces that the individual investor subscription coverage reached 36% of the total shares allocated to individual investors, amounting to 2,571,429 shares, representing 20% of the Offer Shares. As a result, all shares subscribed by individual investors have been fully allocated, and no surplus will result. For more information, please visit the Capital Market Authority website (cma.org.sa) and the Company’s website (https://alrazmre.com) and where the Offering Prospectus is published. |
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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