Mulkia Investment Company, in its capacity as the manager of Mulkia Gulf Real Estate REIT Fund, announces the allocation results of the additional offering to increase the total asset value of the Fund, which ended on Wednesday 09/07/1444 AH corresponding to 03/29/2023 G, Based on the allocation mechanism announced in the supplementary annex to the terms and conditions of the Fund, The subscribed units were allocated according to the following tranches:
- The subscribed units were allocated in full for the registered unitholders on the day of the unitholders’ meeting to vote on approving the increase in the total value of the fund’s assets on 02/26/2023 corresponding to 08/06/1444 AH.
- The subscribed units have been fully allocated to institutional investors.
- The remaining additional subscribed units were allocated to the rest of the unregistered individual investors on the day of the unit holders meeting, with an allocation rate of (76%) of the total subscribed units.
We also inform you that the refund been transferred to subscribers, taking into consideration to those who didn’t received the refund it will be deposited by a max of 04/26/2023 G corresponding to 10/6/1444 H. The new units will also be listed after completing all relevant procedures within a 60 working days from the end of the offering period.