Al Andalus Property Ipo

Al andalus property ipo

In search of the spirit of Al-Andalus

Today the IPO of AlAndalus property for individuals starts in 8,400,000 stock of the company

The IPO will last till next Wednesday, individual sector prices was defined to be 18 SAR per share by financial institutions and investment funds.

The price definition was based on the order book structuring operation which took place during the first phase of the public offering.

Rashid Sherif (Director of investment banking for companies in Riyadh Capital) stated that the company made all full preparations necessary for the IPO process and worked on providing all facilities needed that allows the subscribers from the individuals to subscribe smoothly and easily.

He pointed that the receiving financial entities which are Riyadh Bank, The National Commercial Bank, Al-Rajhi Bank, Samba Financial Group, The Saudi British Bank and Banque Saudi Fransi will start receiving individual’s requests who are interested in the IPO within the mentioned period.

Al andalus property ipo