Amlak International Real Estate Finance Company announced the timetable for the process of subscribing its shares in the Saudi stock market Tadawul, which will start next July 2.
According to Arabiya Net, the company said in a press release that the process of building the order book for enterprises will begin on June 22, to be completed on June 29 and determine the share price. June 30.
It intends to offer 27,180,000 ordinary shares, and these shares represent 30% of the company's capital. The net proceeds of the sale will be paid to the selling shareholders in proportion to their respective share shares.
Regarding the underwriting of individuals, the company said that it will be launched on the 2nd of July, to end on the 5th of July, while the allocation of shares will be on the 12th of July, and the surplus will be returned to the subscribers on the 15th of July. < / p>
The Capital Market Authority approved on 25 December 2019 the request for the offering made by the company.
The property of AlAhli Capital has appointed a financial advisor, director of building the underwriting record, the underwriter and the underwriting manager in relation to the offering shares.
Amlak International was established in 2007 as a real estate financing company outside the banking sector and obtained a license from the Saudi Arabian Monetary Agency (Sama) in 2013 and provides real estate financing solutions Compatible with the provisions of Islamic Sharia for individual, corporate and business clients (with financial solvency).
