Riyadh-Mubasher: Alandalus Property Co. obtained the approval of Saudi Capital Market Authority (CMA) to float 21 million shares, representing 30% of capital, according to the Saudi bourse website.
A portion of the offered shares will be allocated to institutional investors.
The initial public offer (IPO) will run from 17-23 December 2015 once the book-building process is complete.
