GIB Capital, in its capacity as the Joint-financial advisor, bookrunner, and underwriter for the initial public offering of Umm Al-Qura for Development and Construction company, announces the successful completion of the book-building process for participating parties tranche and the setting of the final offer price at SAR  15per share with a coverage of approximately 241x of the total offer shares. 

In light of the successful completion of the book-building process, the subscription period for the individual investor tranche will commence on Wednesday, 05/03/2025 and ends on Sunday, 09/03/2025. A maximum of 13,078,614 offer shares, representing 10% of the total shares offered for subscription, will be allocated to individual investors.

For more information, please visit the Capital Market Authority website (www.cma.org.sa) and UAQ’s website (www.ummalqura.com.sa).

This announcement does not constitute a recommendation to subscribe to the company, as investors must review the prospectus to assess the viability of the investment.