Amlak International for Real Estate Finance Co. will start trading on the Saudi Stock Exchange (Tadawul) on Monday, July 13 with the symbol 1182, and a daily price fluctuation limit of 10%.
The Securities Depository Center Co. (Edaa) will deposit Amlak’s subscribed securities today, July 9 into accounts of eligible securities’ holders.
The company floated 27.18 million shares, or 30% of its share capital, of which 90% were allocated for institutions, with the remaining 10%, or a maximum of 2.72 million shares, were offered to retail investors.
The retail initial public offering (IPO) was 2,690%, 26.9x oversubscribed.
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