Riyad Capital, the financial advisor, bookrunner, bookrunner and underwriter for the public offering of Alandalus Real Estate Company, revealed that it has completed with the receiving financial institutions all the necessary preparations for the success of the public offering that will start on Thursday, December 17, 2015, and will last for 7 days until the end of the day on Wednesday, December 23, 2015, and that it has successfully completed the order book building process for institutions and investment funds subscribed to Alandalus Real Estate Company shares.

Riyad Capital explained The participating institutions and investment funds have subscribed to the entire shares offered for subscription, as they were allocated 21 million shares representing 100% of the shares offered for subscription as a first phase, while the price per share amounted to 18 riyals.

Riyad Capital said that it has successfully completed the process of building the order book for institutions and investment funds subscribing to the shares of Al-Andalus Real Estate Company. It is worth mentioning that the underwriting banks are Riyad Bank, National Commercial Bank, Al Rajhi Bank, Samba Financial Group, Saudi British Bank and Banque Saudi Fransi, where there are special platforms within their branches to receive subscription requests.

Riyad Bank's underwriting banks are Riyad Bank, National Commercial Bank, Al Rajhi Bank, Samba Financial Group, Saudi British Bank and Banque Saudi Fransi.