Amlak International for Real Estate Finance, a Saudi-based non-bank real estate finance company, will proceed with an initial public offering (IPO) for retail investors on the Saudi Stock Exchange (Tadawul). The offering will start from tomorrow, Thursday, July 2 until Sunday, July 5 at SAR 16 per share.
On Dec. 25, 2019, the Capital Market Authority (CMA) approved Amlak’s request to sell 27.18 million shares, or a 30% of its capital, in an IPO.
In June, the market regulator extended its approval for floating and listing Amlak’s shares until July 15.
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Key IPO Dates |
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4 days from Thursday, July 2 until the end of Sunday, July 5 |
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End of retail investors IPO |
July 5, 2020 |
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Final allotment |
July 12, 2020 |
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Surplus repayment |
July 14, 2020 |
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Expected date for the beginning of shares trading |
Company’s shares are expected to start trading on Tadawul after fulfilling all requirements and related regulatory procedures. The date will be announced on Tadawul. |
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