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×Brief
Company Status: | Listed |
Business Activity: | Producing, marketing and selling cables, electric wires, pneumatic conductors and optic fibers. |
Current Capital: | 1,500.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Electricity |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 22.00 % |
Offer Price (Riyal): | 43.00 |
Issue Volume (M Riyal): | 1,419.00 |
Premium: | 33.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 29.70 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 7.50 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds after deducting the Offering expenses will be paid to the Selling Shareholders on a pro-rata basis according to the number of Offer Shares owned by each Selling Shareholder, The Company will not receive any part of the Offering proceeds . |
Restrictions on Dealing in Shares: | Major shareholders in the Company shall be subject to a look-up period of (6) months starting from the date on which shares of the Company are traded in the market where they may not dispose shares during this period. After the lapse of this period, they may dispose their shares without the need to get a prior consent from the Authority . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 10/17/2022 |
The minimum & maximum offering price: | 11/21/2022 |
Subscription End Date: | 11/22/2022 |
Allocation Date: | 11/24/2022 |
Distribution Date: | 11/27/2022 |
Listing Date: | 12/19/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Abdulqader Al Muhaidib & Sons Co. | 35.99 | 23.99 % | 3,422.17 |
AL-AKAF DEV LTD CO | 20.00 | 13.33 % | 1,901.52 |
Ahmed Samer Hamdi Saad Al-Din Al-Zaim | 13.98 | 9.32 % | 1,329.50 |
Almi Company Ltd. | 13.97 | 9.31 % | 1,328.07 |
AFAK ALHIKMA DEV CO | 10.01 | 6.67 % | 951.48 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Riyad Capital |
Financial Advisor: | Riyad Capital |
Legal Advisor: | The Law Office of Megren M. Al-Shaalan |
Auditor: | KPMG Consulting Co. |
Receiving Bank: | Riyad Bank, Al Rajhi Bank, The Saudi National Bank, Arab National Bank |
IPO results
Proceeds: | SAR 952.9 million |
Subscription Percentage: | 671.5% |
No. of Subscribers: | 382.34 thousand subscribers |
Allocation: | 8 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around (1.262998%) on average . |
Chart - Riyadh Cables Group Co.
Share Performance
Last Price: | 95.10 |
Change: | 0.32 % |
Market Cap (M): | 14,160.00 |
Turnover: | 33,240,023.00 |
Transactions: | 3,430.00 |
Share Stats
First Day Open: | 38.00 |
First Day High: | 41.90 |
First Day Low: | 36.80 |
First Day Close: | 41.15 |
1st Day Change: | (4.30 %) |
1st Month Change: | (0.23 %) |
1st year Change: | 114.19 % |
Since listing: | 119.53 % |
Related News
Riyadh Cables debuts on Tadawul todayArgaam Special19/12/2022
Riyadh Cables to debut on Tadawul on Dec. 19Argaam15/12/2022
Retail subscription begins today to 3.3 mln Riyadh Cables shares Argaam Special21/11/2022
Riyadh Cables IPO price range set at SAR 39-43/share Argaam03/11/2022
Riyadh Cables announces plans to proceed with IPO on Tadawul Argaam30/10/2022
Riyadh Cables gets CMA nod to float 33 mln shares Argaam17/10/2022
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