Saudi property firm Amlak plans first post-coronavirus Riyadh IPO – ZAWYA

Saudi property firm Amlak plans first post-coronavirus Riyadh IPO – ZAWYA

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.. Amlak, which has assets of around 3.1 billion riyals ($826 million), said the final offer price would be announced on June 30 after a book-building process starting on June 22.. Major shareholders, which include the Saudi Investment Bank and Amlak Finance , a Dubai-based Islamic mortgage company, will be subject to a six month lock-up period.. Saudi retailer BinDawood Holding also plans to launch an initial public offering as early as this month, two sources with knowledge of the matter told Reuters on Sunday..