Amlak International sets IPO price range between SAR 15-17 per share

Amlak International for Real Estate Finance set the price range for its upcoming initial public offering (IPO) between SAR 15 and SAR 17 per share, NCB Capital, the IPO’s financial advisor, lead manager, underwriter, institutional book runner, said.

The book building process for institutions will run tomorrow, June 22 until June 29.

The final IPO price will be set after the completion of the book-building process, which targets institutional and retail investors, NCB Capital added.

Saudi Arabia’s leading non-bank real estate finance company will float 27.18 million shares, or 30% of its share capital.

Amlak will allocate 90% of total IPO shares for institutions, while the remaining 10%, or a maximum of 2.72 million shares, will be offered to retail investors.

The retail offering will start from July 2 until July 5.

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