Book Building of Amlak International's IPO of 30% of Shares

Share price range is set between SAR 15 and SAR 17

21st June 2020:  Amlak International and NCB Capital (“NCBC”), Financial Advisor, Bookrunner, Underwriter and Lead Manager for Amlak international’s IPO, announced that the price range of Amlak International’s offer shares has been set between SAR 15 and SAR 17.
The book building process will start Monday 01/11/1441H (22 June 2020G) aiming at offering Amlak International’s shares for public subscription and will continue until Monday 8/11/1441H (29 June 2020G). 

NCB Capital advised that the final share price will be set after the end of Amlak International’s IPO book building process, which targets two investor groups. The Institutional group includes investment funds, companies and qualified foreign investors, GCC investors that are considered as legal personalities, authorized individuals to deal in securities as principals, companies in the banking and insurance sectors, directors of companies’ portfolios listed in the financial market, and unlisted Saudi companies under the conditions established by the IPO Prospectus. The Individuals group includes Saudi citizens, including divorced Saudi women or widows who have minor children from a non-Saudi husband, any ordinary non-Saudi resident who has a bank account with one of the receiving parties, in addition to individual GCC investors. The subscription process for the participating entities during the IPO period, which includes individual subscribers, starts on Thursday 11/11/1441H (02 July 2020G), and lasts for 4 days, including the closing day of the IPO, ending on Sunday, 14/11/1441H (05 July 2020G).

NCB Capital added that all offered shares (27,180,000) will be allocated to the participating institutions and investment funds, representing 100% of the total shares offered. In the event that there is sufficient demand from individual subscribers, the IPO’s Lead Manager, with the approval of the CMA, has the right to reduce the number of allocated shares to the participating entities to 24,462,000 shares, representing 90% of the total shares offered, and offer a maximum of 2,718,000 shares, representing 10% of the total shares offered, to individual subscribers.

For more information about the IPO and to view the Prospectus, please visit the CMA’s website: www.cma.org.sa, Amlak International’s website: www.amlakint.com, and NCB Capital’s website www.alahlicapital.com, or the receiving banks’ websites, including The Saudi Investment Bank, National Commercial Bank, Al-Rajhi Bank, and Bank AlJazira.