Tell the world that Tadawul is coming home! Saudi Home Loans Co will go public on the Tadawul exchange and will begin trading this Wednesday.

Saudi Home Loans, a Shariah-compliant real estate firm that has been in operation since 2007, is 40% owned by Arab National Bank, while Dar Al Arkan holds 15% of the share capital.

Prior to its initial public offering (IPO) on the Saudi Stock Exchange, Saudi Home Loans raised $160m from participating firms last month. The offering was priced at the top end of an indicative range, equal to SAR 20 per share because it was 50 times oversubscribed.