Saudi Firm Amlak Sets Price Range for IPO
Business
Asharq Al-Awsat
Saudi Arabian real estate financing firm Amlak International has set the price range for its planned initial public offering (IPO) at between 15 riyals ($4.00) and 17 riyals, it said in a statement on Sunday. The bookbuilding for the offered shares will start on Monday and will last until June 29, it said. The company is planning to float 30% of its shares in Riyadh, in what will be the exchange's first IPO since the coronavirus crisis. ($1 = 3.7518 riyals) Amlak, founded in 2007, was the first licensed company in Saudi Arabia by Saudi Arabian Monetary Agency (SAMA) to provide real estate financing solutions.
from Asharq AL-awsat https://english.aawsat.com/home/article/2346156/saudi-firm-amlak-sets-price-range-ipo
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