By Mohamed Idries
Riyadh – Mubasher: Sheikh Yousef Alshubaily, a Muslim scholar, issued a fatwa saying that subscription to the initial public offering of Alandalus Property is ‘lawful’.
The Saudi company will float 21 million shares in an initial public offering (IPO) from 17-23 December 2015.
Alandalus allocated 12.6 million shares or 60% of the total offered shares to institutions.
