Jabal Omar Development Company Announces the Listing of the Consideration Shares and the Completion of the Transaction
|Announcement Detail||In reference to the announcement made by Jabal Omar Development Company (the “Company”) on the Saudi Stock Exchange (Tadawul) website on 01/02/1444H (corresponding to 28/08/2022G) in relation to the results of the extraordinary general assembly meeting that included the approval to increase the share capital of the Company in order to settle all debts owned by the Company to Alinma Makkah Real Estate Fund (the “Fund”), the Company would like to announce the listing of the New Shares that have been issued with respect to the Transaction to the eligible unitholders of Alinma Makkah Real Estate Fund on 05/02/1444H (corresponding to 01/09/2022G). With the completion of this procedure, the Company is pleased to announce the completion of the Transaction. |
The Company will announce, at a later stage, the deposit of the proceeds of the fractional shares resulting from the Transaction in the accounts of the the unitholders of Alinma Makkah Real Estate Fund (as the eligible shareholders) as set out in the shareholders’ circular issued by the Company in respect of the Transaction.
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.