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 4532 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
AIGNER says Hello to September in style! [6888-Views]
Tripod MB&F + L'EPEE 1839 [6027-Views]
Hublot Becomes the Premier League's Official Timekeeper [4891-Views]
Parmigiani Fleurier's New Tondagraph GT Rose Gold Blue [4100-Views]
essence Essentials For your Eyes! [3587-Views]
Ajman Police Honours Pure Gold Jewellers for Their Contribution to Fly Home 175 Insolvent ... [3514-Views]
6 Ways Gen Z Can Rock Urban Style in 2020 [3497-Views]
Your Go - to Poolside Look - Steve Madden [3411-Views]
Achieve Pore-fect Skin With the Face Shop's Latest Drop [3309-Views]
UAE Frontline Heroes Office Registers More than 80,000 Frontline Professionals in New Nati... [2944-Views]
Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn [2931-Views]
Etihad Airways Keeps Guests Protected With Global COVID-19 Insurance [2698-Views]
Dubai Health Authority(DHA) Expands Specialized Medical Training Programs [2608-Views]
KARL LAGERFELD – Back to Black [2571-Views]
August Sales Swell Augers Well for Lincoln with Navigator and Nautilus Showing Strong Mont... [2546-Views]
DAFZA Launches Second Edition of the Halal Guidebook [2472-Views]
Three GEMS Education Schools in Dubai Celebrate a Combined 75 Years of Quality Education [2472-Views]
Jebel Ali Port Welcomes Mega Container Ship HMM Gdansk on Its Maiden Visit [2440-Views]
The UAE is Set for 4 Days of Free Fitness [2407-Views]
Thumbay University Hospital Now Empanelled With All Leading Health Insurance Providers [2382-Views]
Dr. Ahmed from Burjeel Hospital Shares 8 Tips to Prevent the Flu [2259-Views]
EMAS Partners with Eaton in Egypt [2239-Views]
Lenovo's New Legion PCs and Desktops Launch in the UAE [2222-Views]
OMEGA Goes Platinum-Gold For New James Bond Watch [2222-Views]
Portuguese Tourist Gets New Lease of Life After Cancerous Tumour Removal Procedure in Duba... [2181-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories