Saudi's Amlak International IPO share price revealed | ZAWYA MENA Edition:
Amlak International’s IPO shares will be offered at a price of 16 Saudi riyals ($4.27).
The Saudi Arabian real estate financing firm is offering 30 percent of its shares on the Saudi Stock Exchange (Tadawul). The IPO will start on July 2, 2020 and will be completed by the end of July 5, 2020.
NCB Capital is the financial advisor, lead manager, bookrunner and underwriter for the company’s IPO and has announced the completion of the book building process for institutions and investment funds subscribing to the company’s shares, with a coverage ratio reaching 5x.
“Public and private funds and DPMs amounted to 43.4 percent of the coverage, while the authorized persons, Saudi listed companies, insurance companies, private companies, endowments and QFIs, reached 56.6 percent of the coverage,” Amlak said in a statement.
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