Saudi investors get chance to buy Amlak International shares – ZAWYA

Saudi investors get chance to buy Amlak International shares – ZAWYA

Saudi investors get chance to buy Amlak International shares | ZAWYA MENA Edition HomeMarketsEquitiesArticleSaudi investors get chance to buy Amlak International shares Amlak International is offering about 2.7 million shares to individual subscribers at a price of $4.27 per share    A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose. This public offering represents almost 10 percent of the 27.18 million shares Amlak has decided to float, which accounts for 30 percent of its capital valued at SR906 million.Individual buyers can purchase at least 10 shares and at most 1 million shares through the receiving agents, the Saudi Investment Bank, National Commercial Bank, Al Rajhi Bank and Bank Al Jazira, Amlak said. The company said the public sale would run to July 5 and any surplus would be refunded on July 14.Amlak International's IPO is the first in the GCC region after the outbreak of coronavirus. Abdullah Al-Sudairy, Amlak's CEO, said in an earlier interview with Arab News that the IPO represented a vote of confidence in the long-term fundamentals of the business