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 7399 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
Herbal Essences Taps into Nature's most Powerful Ingredients with the new Potent Aloe Vera... [9553-Views]
The Most Inclusive Range of Primers to Offer 24hr Correction for Any Skin Type, Any Skin T... [9040-Views]
Unique Spatial Sound Technologies for Ambient Room-filling Sound with Sony's Latest Premiu... [8061-Views]
Hello 2021, HELLO, GOOD STUFF! with Essence [6970-Views]
Middle East Hotels Ready to Capitalise on Workation Trend, says ATM [6662-Views]
IRENA's World Energy Transition Day Kick-Starts Crucial Assembly Meeting [6105-Views]
Ogilvy Names James Kinney as Global Chief Diversity, Equity & Inclusion Officer and Chief ... [5916-Views]
Latest PGA Tour Winner Kevin Na Joins Strong American Contingent vying for 2021 Saudi Inte... [4801-Views]
How Small Travel & Tourism Business can Overcome COVID-19 Pandemic [4276-Views]
Join the A-Beauty Revolution with Sukin's Buy 2 Get 2 Limited Time Offer [3780-Views]
Danube Group Launches World's First Civil Defence Approved Alucopanel A1 Aluminium Composi... [3182-Views]
Jaguar Land Rover Mena Offers Customers Warranty Extension Lasting Up to 10 Years [3161-Views]
A New Wave of Coffee has Arrived at AlBarari [3018-Views]
Sony Middle East & Africa Launches Newest Addition to G Master™ Full-Frame Lens Series wit... [2911-Views]
Henrik Stenson Leads Past Winners' Delight for Omega Dubai Desert Classic Return [2886-Views]
Etihad Airways to Recommence Flights to Doha [2866-Views]
Dubai Sports Council Launch Dubai's First All-Schools Sports Tournament Series [2665-Views]
Abu Dhabi Delivers Knockout Opportunity for UFC Fight Island Triple Header Spectators to A... [2657-Views]
Wizz Air Abu Dhabi Commences Operations in Abu Dhabi [2640-Views]
Take Special Care of your Skin with Martiderm [2583-Views]
Dubai Shopping Festival's Highest Value Raffle Ever In Partnership With Idealz and W Motor... [2550-Views]
Ericsson: Smart Home Privacy: How to avoid ‘Data Paparazzi' [2517-Views]
Pampers Introduces the First Diaper Designed for Nighttime Wetness Protection and Un-inter... [2489-Views]
Jalabiyas – Epitome of Grandeur, Grace and Elegance [2288-Views]
Samsung Introduces a One-Stop Shop that Curates Every Step of Your Cooking Journey [2271-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories