Amlak International to debut on Tadawul on July 13

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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