Subscription Period (Retail):
Starts on Sunday 12 May 2024 at 12:00 AM (KSA)
Ends on Monday 20 May 2024 at 6:00 PM (KSA)
The Final Offer Price:
SAR 10.
- To view the Terms and Conditions and the allocation mechanism, please click here
Subscription Fee:
Will be charge subscription fees 2% from subscription amount, In additionally will charge VAT from subscription amount
Note:
Beware of fraudulent websites, landline and mobile calls, SMSs, and alike that aims at stealing funds from potential investors by inviting them to subscribe to "Alistithmar AREIC Diversified REIT Fund" through their malicious websites. Please make sure you subscribe only through local receiving banks.
SAIB Subscription Channels:
- Internet Banking
- SAIB Mobile App
- Phone Banking
- SAIB ATMs
Subscriptions on Behalf of Dependents:
You may update your dependents information online during the subscription process without the need to visit the branch (available when subscribing through SAIB online channels).
Do you want to open a new SAIB Account?
You can now open a new current account with us online without the need to visit the branch click here.
Alistithmar AREIC Diversified REIT Fund IPO
Expected Offering Timetable
| Milestone | Date |
|---|---|
| Retail Subscription Start | Sunday 12 May 2024 |
| Retail Subscription End | Monday 20 May 2024, at 6:00 PM (KSA). |
| Announcement of the Final Allocation of the Offer Shares | Tuesday 28 May 2024 |
| Refund of Excess Subscription Amounts (if any) | No later than 29 May 2024 |
| Start of Trading | Trading of the units is expected to commence after all relevant legal requirements and procedures have been completed. An announcement of the commencement of trading of the units will be made on Saudi Exchange’s website (www.saudiexchange.sa) |
FAQs
Who is the Fund manager?
Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital) is a Saudi closed joint stock company with a paid up capital of SR 250 Million, 100% owned subsidiary of The Saudi Investment Bank.
What is the Fund type?
Alistithmar AREIC Diversified REIT Fund is a closed-ended public Sharia-compliant real estate investment traded fund.
In which market will the Fund's units be listed?
In Tadawul (the main market).
What is the expected durations of the Fund?
Ninety-nine (99) years commencing from the date of listing the units in Tadawul.
