Through offering a portion of its shares for public subscription, the company aims to support its real estate development projects, expand its ownership base, and increase liquidity in its shares. This enables the company to achieve its strategic objectives and capitalize on future growth opportunities.

According to the requirements of the Rules on the Offer of Securities and Continuing Obligations, the offering is limited to the following categories of qualified investors: 1) Capital Market Institutions acting on their own behalf; 2) Clients of a Capital Market Institution authorized to perform management activities, provided that the Capital Market Institution has been appointed under terms that enable it to make decisions to accept participation in the Offering and to invest in the Parallel Market on the client’s behalf without the need for his/her prior approval; 3) The Kingdom’s Government, any governmental entity, or any international body recognized by the Capital Market Authority in the Kingdom (the “CMA”), the Saudi Exchange (the “Exchange”), or any other stock exchange recognized by the CMA, or the Securities Depository Center Company (Edaa); 4) Government-owned companies, whether investing directly or through a portfolio managed by a Capital Market Institution authorized to perform management activities; 5) Companies and funds established in GCC countries; 6) Investment funds; 7) Any other legal persons who may open an investment account in the Kingdom and an account with the Depository Center; 8) Natural persons who may open an investment account in the Kingdom and an account with the Depository Center and who: a) have made transactions in the securities market with a total value of not less than forty million Saudi Arabian Riyals (SAR 40,000,000) and not less than ten (10) transactions per quarter during the past 12 months; b) have assets whose net value is not less than five million Saudi Arabian Riyals (SAR 5,000,000); c) are working or have worked in the financial segment for at least three (3) years; d) have a CME-1 approved by the CMA; e) hold a professional certificate that is related to dealing with securities and accredited by an internationally recognized entity; 9) Any other persons defined by the CMA.

The minimum subscription limit is one hundred (100) shares. The maximum subscription limit for each qualified investor is ten million, two hundred forty-nine thousand, nine hundred ninety-nine (10,249,999) shares.

Holders of the offering shares are entitled to their share of any dividends declared or distributed by the company starting from the date of the company’s listing and for subsequent financial years. This is in accordance with the dividend distribution policy determined by the company, based on its income, financial position, capital requirements, future expectations, and other legal and regulatory considerations.

The company is committed to distributing dividends to its shareholders sustainably. It distributed dividends to its shareholders for the fiscal year 2022 amounting to 10.175 million SAR, representing 6% of the nominal value of the share (1 SAR) and approximately 18% of the comprehensive net income. Additionally, the company distributed cash dividends for the fiscal year 2023 totaling 20.3 million SAR, representing 11.5% of the nominal value of the share (1 SAR) and approximately 35% of the comprehensive net income.

Yes, there is a lock-up period of twelve (12) months from the start date of trading on the parallel market. This applies to substantial shareholders who own 5% or more of the company's shares.

The price range will be determined based on a book-building process and evaluation of demand from qualified investors, in coordination between the company and lead manager.

The company will utilize the 100% of the net IPO proceeds to finance its expansion plan and capital needs.

Trading of the company's shares on the market is expected to commence shortly after the completion of the share allocation process and after all the requirements have been met and all the relevant legal procedures have been completed, and the start of stock trading will be announced in local newspapers and on Saudi Exchange’s website (www.saudiexchange.sa).