Riyadh – Mubasher: First Avenue for Real Estate Development Company has completed the distribution of proceeds from the sale of fractional shares following its capital increase.
The company deposited a total of SAR 1,461 into the investment accounts of eligible shareholders on 14 July 2026, according to a bourse disclosure.
The distribution follows the Extraordinary General Meeting (EGM) held on 15 June, which approved the capital adjustment. According to the company disclosure, the sale process concluded on 22 June 2026, involving the disposal of 346 shares.
The fractional shares were sold at an average price of SAR 4.22 per share.
The funds were transferred directly to bank accounts linked to shareholder portfolios through the Securities Depository Center (Edaa).
First Avenue advised shareholders who have not received their payments or have inquiries to contact its investor relations department via email or at +966558506969.
