“Saudi Tadawul” announced the listing and start of trading units of the Alinma REIT Hotel Fund in the main market, as of Monday, January 30, 2023, with the trading code 4349 and the international symbol SA15L0523UH6 within the real estate traded funds sector.
And Tadawul Saudi Arabia stated, in a statement today, that the daily price fluctuation limits are 30%, up or down, with the application of fixed limits for price fluctuation at 10%, up or down.
She added that these limits will be applied only during the first three days of listing, and starting from the fourth day of trading, the daily price fluctuation limits will be reset to 10% up or down, and the fixed limits of price fluctuation will be abolished.
Alinma Investment Company, in its capacity as the manager of the Alinma REIT Hotel Fund, had announced the success of the public offering of the Alinma REIT Hotel Fund, which is offered in the main Saudi market, with a capital of about 1.02 billion riyals, and the total volume of the cash offering amounted to about 511.4 million riyals.
The fund manager’s subscription amounted to 100 million riyals, and the volume of the cash offering for individuals and companies amounted to about 411.4 million riyals.