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Jun 19 2011

According to the preliminary results: over 125% subscription coverage in Jabal Omar Development Company Rights Issue

Riyadh - The CEO of Al Rajhi Capital Company, Gaurav Shah, has announced the preliminary subscription results for Jabal Omar Development Company . Al Rajhi Capital is the Financial Advisor, Lead Manager and Lead Underwriter for the Rights Issue. The offering ended last Wednesday 13 Rajab 1432H, corresponding to 15 June 2011, with a preliminary coverage percentage exceeding 125% and total proceeds of SR 3.46 billion.

Gaurav Shah also indicated that the final allocation and refund will be completed by no later than 26 Rajab 1432H, corresponding to 28 June 2011.

-Ends-

About Al Rajhi Capital :
Al Rajhi Capital Company is the independent, wholly owned investment subsidiary of Al Rajhi Bank, the world's largest Islamic bank and the largest commercial bank in the GCC region in terms of market capitalization.

Headquartered in Riyadh, Al Rajhi Capital is a Limited Liability company organized and existing under the laws and regulations of Saudi Arabia and operates under the Authorized Persons Regulations with license number 07068-37 granted by the Capital Market Authority and provides securities-related services, including brokerage, asset management and investment banking. All businesses of Al Rajhi Capital are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

Al Rajhi Capital :
Public Relations
Yasser AlMashhadi
+966 1 211 9454
almashhadiya@alrajhi-capital.com

© Press Release 2011

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