Hamad Bin Saedan issues supplementary prospectus to add 3 receiving entities

Logo of Hamad Mohammed Bin Saedan Real Estate Co.

Hamad Mohammed Bin Saedan Real Estate Co. issued today, Aug. 28, a supplementary prospectus regarding its share offering on the Nomu-Parallel Market.
 

The company explained that the reason for issuing this supplementary prospectus is to add three new receiving entities to collect subscription proceeds. They are EFG Hermes Saudi Arabia, Awaed Alosool Capital, and Musharaka Capital.
 

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The company noted that these entities, their employees, or any of their relatives do not own shares or have any interest of any kind in the company as of the date of this second supplementary prospectus.
 

According to Argaam data, Hamad Bin Saedan plans to offer 4.23 million shares on Nomu, with the share price set at SAR 13.5 each.
 

The shares to be offered represent 15% of the company’s post-offering capital, amounting to SAR 282.35 million, divided into 28.23 million shares, each with a nominal value of SAR 10.
 

The receiving entities previously announced in the company’s initial prospectus include Alinma Investment, AlJazira Capital, Albilad Capital, Alkhabeer Capital, ANB Capital, Al Rajhi Capital, BSF Capital, Derayah Financial, GIB Capital, Alistithmar Capital, Riyad Capital, Alawwal Invest, Sahm Capital, SNB Capital, and Yaqeen Capital.
 

The company had also issued a supplementary prospectus last Thursday after disclosing certain material information related to entering into a sales agreement for a wholly owned hotel tower, Al-Yamamah Tower, located in the Al-Sahafa district of Riyadh, with a total area of 1,680 square meters, in favor of a buyer who is a natural person and not a related party.