Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Instinctif Partners and Advert One Complete IPO Advisory Role for Amlak International
 
Instinctif Partners and Advert One Complete IPO Advisory Role for Amlak International

 27th July 2020: Instinctif Partners and Advert One have completed their role in providing strategic communications counsel and public relations to Saudi Arabia’s leading non-bank real estate lender, Amlak International, for its IPO on the Saudi Stock Exchange. Established in 2007 and headquartered in Riyadh, Amlak offered 30% of its equity at a price of SAR 16, raising approximately SAR 435 million. The IPO was oversubscribed by almost 5x by institutional investors and by nearly 27x by retail participants. On their first day of trading, Amlak’s shares were well-received by investors and rose in price by their regulatory 10% limit. 

Amlak International is Saudi Arabia’s leading non-bank real estate finance company, providing Shariah-compliant real estate financing solutions to both corporates (including high-net-worth-individuals) and individual clients. Instinctif Partners and Advert One were appointed to support senior management and the Financial Advisor, NCB Capital, on all communications matters related to the listing, including preparation for the Kingdom’s first-ever virtual IPO roadshow.


Amlak International’s Chief Executive Officer, Mr. Abdullah Al Sudairy, commented: 
“We are ready to capture the opportunities provided by positive market dynamics created by the Kingdom’s Vision 2030 reform programme. Our listing is a natural step forward, and will enable Amlak to build on its strong position in the corporate real estate financing segment, while supporting Saudi nationals in their ambitions to buy and build homes. In difficult market conditions, the need for a powerful and impactfully-delivered investment case was a high priority for management, and we were pleased to be working with a seasoned and dedicated communications advisory team. We look forward to delivering on our equity story in the months and years ahead.”


Abdulaziz Behery, Vice President, Investment Banking at NCB Capital, said:
“This was an exciting transaction for us to lead, made more so by fast-moving developments in the market and the logistics of the deal. It was the first time that an IPO in the Kingdom was run almost entirely remotely, and we are very proud to have led the first listing on Tadawul’s main market since severe market disruption in March 2020. The success of the offering is testament to the strong investment case that exists for Amlak International and its sector, and it was our pleasure to work with the Instinctif Partners and Advert One teams. We can all be proud of the outcome of this journey.”


In a joint statement, Samantha Bartel, CEO & Managing Partner of Instinctif Partners MENA and Shawaf Alshawaf, Deputy General Manager of Advert One (a division of Shawaf International Co. Ltd.)., commented: 
“To progress and complete a successful IPO, during a pandemic, is a testament to the health of Amlak International as a company, the resonance of its equity story, and the quality of the team of advisors who worked on the deal. This offer was the first in the Saudi market since the world was affected by the Covid-19 crisis, and we are delighted to have supported Amlak during this milestone moment in its history. The success of the communications programme is, further, evidence of the unique offer that the Instinctif-Advert One partnership has given to the Saudi capital market, and we are looking forward to tapping fresh opportunities in the local IPO pipeline during the months ahead.”


Posted by : Dubai PR Network Editorial Team
Viewed 4654 times
PR Category : Banking & Investments
Posted on : Monday, July 27, 2020  2:31:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : “New Law to Position Dubai as World's Commercial and Start-u...
Next Story : Startupbootcamp Establishes Headquarters at Dubai Internatio...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Versus Versace Republique - VSP1V0519 [4293-Views]
Make Up for Ever is Breaking Through With a Lipstick Revolution With Rouge Artist [3587-Views]
Huawei is Set to Dramatically Alter the Entry Level Smartphone Segment with the Launch of ... [2919-Views]
How to Work the Hottest Fall Makeup Trends on a Budget [2821-Views]
Dubai Chamber Whitepaper Examines Growth Potential of UAE Space Economy [2800-Views]
Prevention is Better than Cure, Especially with Lice! [2579-Views]
Euronews Investigates How the UAE is Using Artificial Intelligence in Healthcare and Educa... [2571-Views]
That Hair Tho – THT Offers Complimentary Haircuts for Those Who Have Lost Jobs, Have Job I... [2546-Views]
Medcare Partners with InterSystems to Implement World-Class Healthcare Information System [2526-Views]
ADNOC Distribution Joins Key UAE Suppliers Qualified to Provide Nuclear Quality Products f... [2501-Views]
Free Me – The First Naturally Kind Mosquito Repellent Made in the UAE [2480-Views]
Dabur Herb'l Launches Natural Gel Toothpaste With the Freshness of Aloe Vera [2440-Views]
Unlocking the Potential of eSIM for Consumers [2431-Views]
Ulissi to Lead UAE Team Emirates at the Tour of Luxembourg [2349-Views]
Parmigiani Fleurier Launches New Tonda Reine De Mai [2312-Views]
A Springfield Dress a Day, Keeps Your Style A-Okay [2222-Views]
#TishTashThru - Welcome to the Future, in the Form of a Gloriously Retro Drive Thru Event ... [2218-Views]
Autumn/Winter 20' Beauty Picks from Missha Cosmetics [2194-Views]
Majid Al Futtaim Inaugurates its First Culinary Experience Destination in the UAE — Food C... [2189-Views]
Aquae Jewels Shares the Top Jewellery Trends for Fall [2112-Views]
HyperX Releases First Arabic Layout Keyboard, Alloy Origins Core Tenkeyless RGB Mechanical... [2107-Views]
Costa Coffee UAE Thanks its Customers with One Dirham Pastries [2009-Views]
NYU Abu Dhabi Alumnus Awarded Prestigious Chevening Scholarship [1906-Views]
OPPO Set to Launch Its All-New Groundbreaking Reno4 Series in the Middle East this Month [1890-Views]
WCU: Saudis Talk Up Oil; Strong Grain Momentum Continues [1890-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories