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.
