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.

 

Key IPO Dates

IPO period for retail investors

  

4 days from Thursday, July 2 until the end of Sunday, July 5

End of retail investors IPO

July 5, 2020

Final allotment

July 12, 2020

Surplus repayment

July 14, 2020

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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