Before the public subscription period for Al-Andalus Real Estate Company shares closes tomorrow, Wednesday, 7.5 million shares were subscribed, covering 89.6% of the total shares offered to retail investors—8.4 million shares—which is equivalent to 40 percent of the 21 million shares offered in the public offering, representing 30 percent of the company’s capital.

In the same context, “Riyadh Financial,” the financial advisor, underwriter, and lead manager for the Al-Andalus Real Estate Company offering, announced that the number of individual subscribers reached approximately 252,873 by the end of the third day, which was the day before yesterday. The total amount subscribed by individuals on the third day reached approximately 135.4 million riyals, and the subscription period will end at the close of business on Wednesday, December 23.