Jadwa Investment Company, in its capacity as manager of the Jadwa Saudi REIT, announced the successful completion of the cash subscription process for the increase in the fund’s total asset value, which concluded on 1 Rabi’ al-Awwal, corresponding to October 7. Total subscriptions amounted to 1.635 billion riyals, compared to the targeted cash offering amount of 229.05 million riyals (after deducting the in-kind subscription and the fund manager’s subscription from the total value of the fund’s asset increase, which amounted to 370 million riyals). The coverage ratio (714%) of the total targeted cash offering. The subscriber base included individuals, institutions, and companies, with a total of 30,582 subscription requests.

Based on the allocation mechanism announced in the supplementary appendix to the fund’s terms and conditions, the offered shares will be allocated on a pro rata basis to unit holders registered as of the date of the unit holders’ meeting convened to approve an increase in the Fund’s total asset value—whose subscription requests amounted to 1.2 billion riyals, with a coverage ratio of (524%)—the allocation ratio was thus set at (19.08%).