Logo ofAlwaha REIT Fund
Wasatah Capital, fund manager ofAlwaha REIT Fund’s offering, announced the successful completion of the additional offering to increase the fund’s gross asset value (GAV) aimed at acquiring new real estate assets, according to a statement to Tadawul. 
For more news on listed companies
The total value of applications amounted to SAR 24.93 billion, excluding in-kind contributions, with a 109.64% coverage ratio.
Unit allocation was completed as per the terms and conditions set forth in the relevant supplementary appendix 1. The subscribed units were allocated prioritizing registered unitholders on the day of the unitholders’ meeting, followed by allocation of the remaining units to other investors based on their respective categories and subscription ratios.
The fund also noted that the surplus will be refunded within 15 business days from the end of the offering period. The newly subscribed units will be listed and begin trading within 60 business days, pending completion of regulatory procedures.
Subscription to the increase in the total value of the fund’s assets through an additional offering started on July 15 for 10 business days, Argaam data showed.
The subscription price for the additional units was set at SAR 10 per unit.
The capital increase aims to complete the acquisition of the Al Jawhara Residential Building located in Riyadh.
Logo ofAlwaha REIT Fund
Wasatah Capital, fund manager ofAlwaha REIT Fund’s offering, announced the successful completion of the additional offering to increase the fund’s gross asset value (GAV) aimed at acquiring new real estate assets, according to a statement to Tadawul.
For more news on listed companies
The total value of applications amounted to SAR 24.93 billion, excluding in-kind contributions, with a 109.64% coverage ratio.
Unit allocation was completed as per the terms and conditions set forth in the relevant supplementary appendix 1. The subscribed units were allocated prioritizing registered unitholders on the day of the unitholders’ meeting, followed by allocation of the remaining units to other investors based on their respective categories and subscription ratios.
The fund also noted that the surplus will be refunded within 15 business days from the end of the offering period. The newly subscribed units will be listed and begin trading within 60 business days, pending completion of regulatory procedures.
Subscription to the increase in the total value of the fund’s assets through an additional offering started on July 15 for 10 business days, Argaam data showed.
The subscription price for the additional units was set at SAR 10 per unit.
The capital increase aims to complete the acquisition of the Al Jawhara Residential Building located in Riyadh.
