Al Rajhi Capital announces the results of public offering related to Al Rajhi REIT Funds’ total asset value increase
Al Rajhi Capital announces the results of public offering for Al Rajhi REIT total asset value Increase, that commenced on 15/4/1441H corresponding to Thursday 12th December 2019 and ended on 21/4/1441H corresponding to Wednesday 18th December 2019 as follows.
- Units offered: 16,853,933 units
- Units subscribed: 13,251,754 units
- Coverage: 78.63 %
- No. of subscribers: 16,031
- Amount subscribed: SAR 116,615,435.20
The Fund Manager will complete the allocation of units to unitholders within 15 working days from the closing date of the offering period.
The Fund manager will complete the acquisition of 3 educational properties from AlKhaleej Training and Education Company by combination of in-kind units to be issued to Al Khaleej, using public offering proceeds and availing financing facility of the Al Rajhi REIT Fund.
