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Amlak International

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Saudi Arabia: Amlak to Launch IPO for 30 Percent of Share Capital
June 14th, 2020 - 11:00 GMT

Saudi Arabia: Amlak to Launch IPO for 30 Percent of Share Capital

Saudi Arabia-based Amlak International for Real Estate Finance has announced its intention to proceed with an Initial Public Offering (IPO) representing 30% of the company’s share capital on the Saudi Stock Exchange (Tadawul). The offering will comprise 27,180,000 ordinary shares and the net proceeds of the offering will be paid to the Selling Shareholders on a pro-rata basis. The Capital Market Authority (CMA) issued its resolution on December 25, 2019 ...
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