Logo of Amlak International 

The ban on Amlak International for Real Estate Finance Co.’s founding shareholders from selling shares was lifted today, Jan. 12, 2021, six months after the stock began trading on the Saudi Stock Exchange (Tadawul) on July 13, 2020.

 

Under the Capital Market Authority (CMA) regulations, a company’s founding shareholders, as well as major shareholders who own 5% minimum, cannot sell their shares for six months after the beginning of trading on Tadawul.

 

After the end of the lockup period, those shareholders do not need the market regulator’s approval to dispose of their shares.

 

Saudi Investment Bank (SAIB) is one of Amlak’s major shareholders with a 22.41% stake, followed by Amlak Finance (18.35%).

 

Major shareholders of Amlak International*

Shareholders

Before Offering

After Offering

Number of shares (mln)

Ownership Percentage

Number of shares (mln)

Ownership Percentage

SAIB

29.00

32.01%

20.30

22.41%

Amlak Finance

23.75

26.21%

16.63

18.35%

Al Tawfeek Development House Holding

13.00

14.35%

9.10

10.04%

*Major shareholders are those who own 5% minimum of the company's shares

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