Amlak appoints 4 receiving banks for retail offering

01/07/2020 Argaam

 

Amlak International for Real Estate Finance will start tomorrow, July 2, floating 2.72 million of its shares to retail investors at SAR 16 a share, based on the book-building process.

 

The Kingdom’s leading non-bank real estate finance company will float 27.18 million shares, or 30% of its SAR 906 million share capital in an initial public offering (IPO).

 

Amlak appointed four receiving banks, including Saudi Investment Bank (SAIB), National Commercial Bank (NCB), Al Rajhi Bank and Bank Aljazira.

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