| Element List | Explanation |
|---|---|
| Introduction | First Avenue Real Estate Development Company Announces the Completion of the Sale of Fractional Shares Resulting from the Capital Increase First Avenue Real Estate Development Company announces the completion of the sale of fractional shares resulting from the Company's capital increase, following the approval of the Extraordinary General Assembly held on 15 June 2026, corresponding to 29/12/1447H. The Company has deposited the amounts due to the eligible holders of fractional shares directly into the bank accounts linked to the investment portfolios in which the shares of First Avenue Real Estate Development Company are held with local banks. |
| Share’s Fractions Sale Completion Date | 2026-06-22 Corresponding to 1448-01-07 |
| Number of Sold Shares | 346 |
| Share’s Fractions Selling Returned Amount | 1,461.04 SAR |
| Average Selling Price per share | 4.22 SAR |
| Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | 2026-07-14 Corresponding to 1448-01-29 |
| Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | The proceeds from the sale of fractional shares have been deposited into the bank accounts linked to the investment portfolios of the eligible shareholders, based on the banking information provided by the Securities Depository Center Company (Edaa). Should any eligible shareholder not receive the amount due after the deposit date, or if there are any inquiries regarding the proceeds from the sale of fractional shares, please contact the Investor Relations Department through the following channels: Email: IR@The1stAvenue.com Mobile: +966 55 850 6969 |
First Avenue for Real Estate Development Co. announces the deposit of the amounts from selling the shares fractions resulted from the company’s capital Increase in the eligible shareholder’s accounts
AI Summary
- First Avenue Real Estate Development Company completed the sale and distribution of proceeds for 346 fractional shares resulting from its capital increase.
- The fractional shares were sold at an average price of 4.22 SAR per share, totaling 1,461.04 SAR in proceeds.
- Sale proceeds were deposited directly into the bank accounts of eligible shareholders on July 14, 2026, through the Securities Depository Center Company (Edaa).
- Shareholders who have not received their due amounts can contact the Investor Relations Department at IR@The1stAvenue.com or +966 55 850 6969.
