Monday, July 13, 2020

Grant gets huge KO win at UFC 251 in first Fight Island bout

The action on the ballyhooed Fight Island got off to raucous start. England’s Davey Grant picked up the biggest win of his career by flattening...

Amlak International’s IPO prices shares at 16 riyals

The Saudi Stock Exchange in Riyadh. NCB Capital, financial advisor, lead manager, bookrunner and underwriter for Amlak International’s IPO, announced the successful completion of the book building process. Image Credit: Reuters

Dubai: NCB Capital, financial advisor, lead manager, bookrunner and underwriter for Amlak International’s IPO, announced the successful completion of the book building process for institutions and investment funds subscribing to the company’s shares, with the coverage ratio reaching times. The shares will be offered at a price of 16 Saudi riyals per share.

Public and private funds and discretionary portfolio managers (DPMs) amounted to 43.4 per cent of the coverage, while the authorized persons, Saudi listed companies, insurance companies, private companies, endowments and qualified financial institutions (QFIs), reached 56.6 per cent of the coverage.

NCB Capital added that it has completed, with the receiving agents, all the necessary preparations to ensure the success of the IPO, which will start on Thursday July 2, 2020), and will be completed by the end of July 5, 2020). NCB Capital added that all offered shares (27,180,000) will be allocated to the participating institutions and investment funds, representing 100 per cent 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 per cent of the total shares offered, and offer a maximum of 2,718,000 shares, representing 10% of the total shares offered, to individual subscribers.

It has been agreed with the receiving agents (Saudi Investment Bank, National Commercial Bank, Al Rajhi Bank and Bank Al Jazira) to provide all the information and the platforms needed by investors within the receiving agents’ branches and electronic channels to receive subscription requests, including their websites, ATMs and telephone banking services..

Amlak International is one of the leading specialized real estate financing companies in the Kingdom, with a track record of innovation and development of Sharia-compliant real estate financing solutions, serving both corporates and individuals, with a wide range of products and services including financing of ready properties, off-plan properties from approved developers, land purchases and construction.

Latest Posts

Renault Of Arabian Automobiles Partners With ADCB, Presents Customers 72 Hours Of Exceptional Deals

Abu Dhabi Commercial Bank customers now have 72 hours to take advantage of an exciting offer being presented by Arabian Automobiles, the flagship company...

Lufthansa Expect Its First Boeing 777X in 2021

LONDON – The Deutsche Lufthansa Group (LH) ordered 20 Boeing 777-9X along with an option for 14 new Triple seven. Boeing confirmed in 2019...

Usman outclasses Masvidal as UFC debuts on ‘Fight Island’ in UAE

Usman outclasses Masvidal as UFC debuts on 'Fight Home Regions Asia Usman outclasses Masvidal as UFC debuts on 'Fight Island' in UAE Kamaru Usman put on...

Don't Miss

Strategi Advisers launches startup arm in UAE

Strategi Advisers has launched its startup arm, the Strategi Startup Studio. The aim is to bring together innovative and forward-thinking visionaries to build an...

Hottest commodity in Lebanon’s economic chaos: The US dollar

BEIRUT: The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men...

The Ritz-Carlton, DIFC Launches a New Marocmaroc Treatment and Offers a Complimentary Facial

Dubai, United Arab Emirates – 08 July 2020 - The Ritz-Carlton, Dubai International Financial Centre invites guests to experience a new, luxurious treatment from...

VIDEO: Burj Khalifa lights up to welcome tourists

Thursday, July 9th, 2020 7:30am screengrab As Dubai opened its doors to tourists, the city’s iconic...


Ras Al Khaimah invites UAE residents to experience world-class hospitality, family fun and adventure this summer.This Summer, Ras Al Khaimah Tourism Development Authority (RAKTDA)...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: