Further to the announcement from Al Rajhi Capital regarding subscription period for public offering related to Al Rajhi REIT Funds’ total asset value increase
For more details about the previous announcement on 2019/12/05 - 1441/4/8
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Clarify the allocation mechanism for units offered on the IPO & charging process of Subscription fee
The allocation mechanism that the fund manager will follow to allocate units to subscribers & is as follow:
- The units offered on the IPO will be allocated first to the registered unit holders on the day of the Unit Holders meeting for increase the total value of the fund’s assets and that who wish to participate in IPO on prorata’ basis, and then the remaining units (if any) will be allocated to the rest of the investors (Non unit holders) according to the fund manager’s decision.
- Subscription fee equal to 2% of the subscribed amount and is payable by the investor in addition to the subscription amount. This fee applies to new investors and is not applicable to registered unit holders at the date of the unit holders meeting. (i.e. registered at Securities Depository Center (Edaa) by the end of the second trading day preceding the meeting which held on 31st Oct 2019)
Therefore, the subscription fees will be returned to the registered unit holders at the date of the unit holders meeting.
For further details refer the allocation mechanism & subscription fee mentioned in
Terms And Conditions
