Cash Subscription to Raise the whole Value of Fund’s Assets, Completed

The cash subscription process to increase the total value of the fund’s assets ended on 10/07/2021, and the total requests amounted to SR1.635 billion, after deducting the in-kind subscription and the fund manager’s contribution, from the overall value of the fund’s asset increase.

The targeted cash offering is equivalent to SR229.05 million.
Individuals, institutions, and organizations participated in the subscriber segment, which amounted to SR370 million, with a coverage ratio of 714% of the targeted cash offering, and a total number of requests equal to 30,582 requests.

The offered shares will be allocated on a pro rata basis to the registered unit holders, on the day of the units holders’ meeting, designated to approve an increase in the total value of the fund’s assets, at SR1.2 billion, with a coverage rate of 50%, according to the allocation mechanism announced in the Supplementary Appendix to the Fund’s Terms and Conditions (524%). As a result, the allocation percentage was set at 50%. (19.08%).

Please check the supplementary appendix to the Fund’s terms and conditions, for more information on the allocation mechanism and refunding the subscription surplus.