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Amlak International announces intent to list on Saudi bourse

Amlak lists on Saudi bourse

Saudi’s non-bank, real estate finance company Amlak International for Real Estate Finance (Amlak) announced its intent to proceed with an initial public offering (IPO) on Tadawul’s main market.

The offering will comprise of 27,180,000 ordinary shares, representing 30 percent of the company’s share capital, while the net proceeds of the offering will be paid to the selling shareholders on a pro-rata basis.

The company has appointed NCB Capital Company as its sole financial advisor and bookrunner as well as its sole underwriter and lead manager in relation to the offer shares.

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