Amlak International’s share allocation, trading to begin tomorrow – ZAWYA

Amlak International’s share allocation, trading to begin tomorrow – ZAWYA

Amlak International's share allocation, trading to begin tomorrow | ZAWYA MENA Edition HomeMarketsEquitiesArticleAmlak International's share allocation, trading to begin tomorrow With a minimum of 10 shares allocated to each subscriber    An investor monitors a stock exchange information screen on the trading floor at the Dubai Financial Market April 29, 2012. Saudi Arabia-based Amlak International for Real Estate Finance's allocation of shares for individual (retail) subscribers and trading will begin tomorrow (July 13), said NCB Capital, the financial advisor, lead manager, bookrunner and underwriter of its IPO.After closing the subscription period for the retail tranche, all receiving banks completed the settlement and auditing process on July 5, in accordance with the closing date of the subscription process, stated NCB.The coverage ratio for the retail offer was 26.9 times 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 the size of each subscriber's request against the total remaining shares subscribed to.Fractions of shares were also allocated on