Amlak International starts IPO book-building process today

22/06/2020 Argaam

 

Amlak International for Real Estate Finance started today, June 22, the book-building process for its planned initial public offering (IPO).

 

The IPO price range was set between SAR 15 and SAR 17 per share.

 

The book-building process is scheduled to end on June 29, as the Kingdom’s leading non-bank real estate finance company will float 27.18 million shares, or 30% of its SAR 906 million share capital.

 

A total of 27.18 million shares or 100% of the offering size will be allocated to institutional investors, subject to a scaleback to 90% or 24.46 million shares.

 

The IPO minimum and maximum limits for institutional investors were set at 100,000 shares, and 4.53 million shares, respectively.

 

Amlak International provides innovative real estate financing solutions for individuals and companies sectors, according to the Companies Law, the Finance Companies Control Law and its executive regulations.

 

For more IPOs 

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