Merchants Capital, in its capacity as the Financial Advisor for the offering of Hamad Mohammed Bin Saedan Real Estate Company (“Hamad Bin Saedan Real Estate” or the “Company”), announces the completion of the offering of four million two hundred thirty-five thousand two hundred ninety-four (4,235,294) new ordinary shares (the “Offered Shares”) representing 17.64% of the Company’s pre-offering capital and 15.00% of the Company’s post-offering capital, at an offer price of SAR 13.50 per share.
Offering Results
| Issuer | Hamad Mohammed Bin Saedan Real Estate Company |
|---|---|
| Shares offered | 4,235,294 new ordinary shares |
| Offer price | SAR 13.50 per share |
| Offering period | Friday 29/08/2025G to Thursday 04/09/2025G |
| Coverage | 114.19% of the total Offered Shares |
| Allocation | Completed |
| Refund of excess amounts | No later than Wednesday 10/09/2025G |
The offering was covered at 114.19% of the total Offered Shares during the offering period.
Merchants Capital further announces the completion of the allocation process, with excess subscription amounts to be refunded no later than Wednesday 10/09/2025G, and will complete the necessary procedures with Saudi Tadawul Group to determine the listing date for the Company’s shares on the Parallel Market (Nomu).
Transaction Milestones
- 20 Mar 2025 CMA Approval of Registration and Offering View on CMA website
- 12 Aug 2025 Intention to Float View on Tadawul
- 21 Aug 2025 Offer Price View on Tadawul
- 29 Aug to 4 Sep 2025 Offering Period
- 9 Sep 2025 Offering Results and Allocation
Source: announcement on Tadawul
