On July 15, 2026, First Avenue Real Estate Development Company announced the completion of the sale of fractional shares resulting from its capital increase, which was approved by the Extraordinary General Assembly held on June 15, 2026. A total of 346 fractional shares were sold on June 22, 2026, at an average price of 4.22 SAR per share, generating total proceeds of 1,461.04 SAR. The amounts due to eligible shareholders were deposited directly into their bank accounts linked to their investment portfolios on July 14, 2026, based on banking information provided by the Securities Depository Center Company (Edaa).

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.