Interview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy – ZAWYA

Interview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy – ZAWYA

Interview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy | ZAWYA MENA Edition HomeBusinessFinancial ServicesArticleInterview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy Property finance CEO explains how stock exchange listing will benefit the mortgage market    Saudi men inspect a screen showing stock prices at ANB Bank in Riyadh, Saudi Arabia September 16, 2019. Amlak International, the Saudi Arabian real estate finance company, surprised markets with the announcement that it was pressing ahead with an initial public offering (IPO) on the Tadawul that could value it at around SR1.5 billion ($400 million).For one thing, the Kingdom's economy, similar to the rest of the world, has been rocked by the ravages of the coronavirus disease (COVID-19) pandemic; for another, global financial markets are in a state of uncertainty as the world economy teeters on the brink of the worst recession since the 1930s.Abdullah Al-Sudairy, Amlak's CEO, is determined to overcome those challenges with the Kingdom's first IPO since the virus outbreak.For one thing, the Kingdom's economy, similar to the rest of the world, has been rocked by the ravages of the coronavirus disease (COVID-19) pandemic; for another, global financial markets