Amlak International’s book-building process closes today

Amlak International for Real Estate Finance closes today, June 29, the book-building process for its planned initial public offering (IPO).

The offer price will be announced tomorrow June 30, and the retail offering will begin from Thursday, July 2 until July 5.

The book-building process started on June 22, as the Kingdom’s leading non-bank real estate finance company will float 27.18 million shares, or 30% of its SAR 906 million share capital.

The IPO price range was set between SAR 15 and SAR 17 per share.

A total of 27.18 million shares or 100% of the offering size will be allocated to institutional investors, subject to a scaleback to 90% or 24.46 million shares.

Amlak International provides innovative real estate financing solutions for individuals and companies sectors, according to the Companies Law, the Finance Companies Control Law and its executive regulations.