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CMA approves Amlak International IPO

CMA approves Amlak International IPO
The IPO shares represent 30% of Amlak International’s capital

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Amlak International for Real Estate Finance Company's initial public offering (IPO) of 27.18 million shares, representing 30% of the company's capital.

The offering prospectus will be published within sufficient time prior to the start of the subscription period, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The CMA’s approval is valid for a period of six months starting from the resolution date.