Mulkia Gulf REIT unveils results of unit allocation, surplus refund

Logo of Mulkia Gulf Real Estate REIT Fund

Mulkia Investment Co., manager of Mulkia Gulf Real Estate REIT Fund, announced the results of the unit allocation process of its additional public offering, which took place to increase the fund’s total asset value and ended on March 29.

In a statement to Tadawul today, April 18, the company indicated that subscribed units were allotted in full to registered unitholders on the day of the meeting previously held to decide on the increase in the fund’s total asset value on Feb. 26.

Subscribed units have been fully allocated to institutional investors. The remainder was allocated to unregistered individual investors on the day of the unitholders’ meeting, at an allotment rate of 76% of the total subscribed units.

The surplus refund was transferred to subscribers, provided that any pending payment will be deposited by April 26 maximum.

The new units will be listed after completing all relevant procedures within 60 working days from the end of the offering period, according to the fund manager.