Real Estate announces Rump Offering Results, Right Issue Shares Allocation

Saudi Real Estate Company announces the results of the rump offering and the final allocation of the rights issue shares. By the end of the rump offering period, the shares bid amounted to 1,238% and the entire remaining shares of (7,736,692) shares, inclusive of fractional shares, were sold fully.

Total Proceeds of Selling Unsubscribed Shares: SAR 109,389,606.2

Fractional Shares: 6,836 shares

Average Price of Sold Shares: SAR 14.14

Net Compensation for Right Issues and Fraction Shares Owners: SAR 18,096,640.6

Date of Depositing the Shares into Shareholders Accounts: 2022-06-23 Corresponding to 1443-11-24