Amlak International allocation of shares, excess money refund, and trading to begin on Monday 22/11/1441H (13 July 2020G) – ZAWYA

Amlak International allocation of shares, excess money refund, and trading to begin on Monday 22/11/1441H (13 July 2020G) – ZAWYA

Amlak International allocation of shares, excess money refund, and trading to begin on Monday 22/11/1441H (13 July 2020G) | ZAWYA MENA Edition HomeArticleAmlak International allocation of shares, excess money refund, and trading to begin on Monday 22/11/1441H (13 July 2020G) The coverage ratio for the retail offer was 26.90x of the total shares offered to individual subscribers, which amounted to 2,718,000 shares, representing 10% of the total shares offered    NCB Capital, the Financial Advisor, Lead Manager, Bookrunner and Underwriter of Amlak International's IPO announced the completion of the allocation of shares for individual (retail) subscribers. NCB Capital said that after closing the subscription period for the retail tranche, all receiving banks completed the settlement and auditing process on Sunday evening, 14/11/1441H corresponding to 5 July 2020G, in accordance with the closing date of the subscription process. The coverage ratio for the retail offer was 26.90x of the total shares offered to individual subscribers, which amounted to 2,718,000 shares, representing 10% of the total shares offered. With a minimum of 10 shares allocated to each subscriber and each individual included in the subscription request, the remaining shares will be allocated on a pro rata basis at around (0.07%), depending on