Logo of Alinma Hospitality REIT Fund
Alinma Investment Co., as the fund manager of Alinma Hospitality REIT Fund, announced allocating 50 units minimum to each subscriber in the latter’s initial public offering (IPO) on the Saudi Exchange (Tadawul).
The remaining offer units will be allotted on a pro-rata basis, the fund manager said in a statement to Tadawul.
It added that the total number of subscribers reached 184,600, with the offering proceeds, excluding the fund manager’s subscription, amounting to SAR 560.9 million.
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Fund Key Info |
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|
Fund |
Alinma Hospitality REIT Fund |
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Capital |
SAR 1.020.02 bln |
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Offering End Date |
Nov. 16, 2022 |
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Total Cash |
SAR 511.40 mln |
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Fund Manager’s Subscription |
SAR 100 mln |
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Total Cash (Retail and Corporate Investors) |
SAR 411.40 mln |
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Total Proceeds (Excluding Fund Manager’s Subscription) |
SAR 560.94 mln |
|
Number of Subscribers |
184,570 |
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Individuals Allocation Mechanism |
A minimum of 50 units will be allocated to each individual investor, with the remaining offered units allotted on a pro-rata basis |
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Refund |
Within five business days maximum |
Alinma Investment will complete the necessary procedures with the Saudi Tadawul Group Holding Co. (Tadawul Group). It will then confirm the date for listing the fund on the main market.
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