Alinma Hospitality REIT’s IPO sees minimum limit of 50 units/subscriber, proceeds reach SAR 560.9 mln

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.

Fund Key Info
Fund	Alinma Hospitality REIT Fund
Capital	SAR 1.020.02 bln
Offering End Date	Nov. 16, 2022
Total Cash	SAR 511.40 mln
Fund Manager’s Subscription	SAR 100 mln
Total Cash (Retail and Corporate Investors)	SAR 411.40 mln
Total Proceeds (Excluding Fund Manager’s Subscription)	SAR 560.94 mln
Number of Subscribers	184,570
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
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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