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  • 23-06-20

    Saudi compact Amlak locates value array for IPO

    (MENAFN) On Sunday June 21 Saudi Arabian property financing firm Amlak global stated in a statement that has set the value array for its planned initial public offering (IPO) at between 15 riyals (4.00 United States dollar) and 17 riyals.

    On Monday June 22 Amlak global stated that the book building for the offered shares will begin on and will last waiting June 29.

    The corporation is planning to drift 30 percent of its shares in Riyadh, in what will be the exchange's first IPO since the Coronavirus catastrophe (1 United States dollar = 3.7518 riyals).

    Amlak established in 2007, was the first certified corporation in Saudi Arabia by Saudi Arabian Monetary Agency (SAMA) to supply property funding solutions.

    MENAFN2306202000450000ID1100373065

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