The listing and trading of shares of Amlak International for Real Estate Finance will begin next Monday, July 13th.
According to Arabia Net, the Saudi Stock Exchange (Tadawul) announced in a statement that Amlak International will be listed with the symbol 1182, with a daily fluctuation of the share price of 10%.
Al Ahly Capital, the financial advisor and manager of Amlak Global’s IPO, announced last Tuesday the coverage of shares offered to individuals 2690%, equivalent to 26.9 times.
The company said in a statement that the number of subscribers reached 266.82 thousand subscribers pumped 1.2 billion riyals.
The company added that the coverage ratio for institutions was 498%, equivalent to 4.98 times.
Amlak International has decided to offer 27.18 million ordinary shares for public subscription, equivalent to 30% of the company’s capital of 906 million riyals, and part of it was allocated to individual subscribers.
