Amlak International reveals price range for IPO - Arabianbusiness:
Saudi Arabian real estate financing firm Amlak International has revealed the price range for its planned initial public offering (IPO) of 30 percent of its shares in Riyadh.
The book building process is scheduled to start on Monday (June 22), with shares set between SAR15 ($4) and SAR17 ($4.50). NCB Capital (NCBC) are lead underwriters for the offer.
The final share price for Amlak, which has assets of around 3.1bn riyals ($826 million), will be set at the end of the book building process after June 29.
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