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×Brief
Company Status: | Listed |
Business Activity: | The company provides integrated insurance services. |
Current Capital: | 500.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 316.67 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 380.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All subscription rights from either registered shareholders or public institutional investors and individuals which they purchase subscription rights through trading period |
Use of Proceeds: | The net proceeds of the offering will be used to maintain the minimum required solvency margin |
Restrictions on Dealing in Shares: | There are no restrictions on rights issue. |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 10/9/2017 |
Subscription End Date: | 10/19/2017 |
Allocation Date: | 11/2/2017 |
Distribution Date: | 11/16/2017 |
Listing Date: | 11/7/2017 |
Advisors
Lead Manager: | Alistithmar for Financial Securities and Brokerage Company |
Underwriter: | Alistithmar for Financial Securities and Brokerage Company, Al Wasatah Al Maliah Company |
Financial Advisor: | Alistithmar for Financial Securities and Brokerage Company |
Legal Advisor: | Abdullah Saleh Office of Law Firm |
Auditor: | BDO Dr. Mohamed Al-Amri & Co., Al Fowzan & Banaga KPMG, International Accountants Office |
Receiving Bank: | Saudi Awwal Bank, Arab National Bank, Al Rajhi Bank |
IPO results
Proceeds: | SAR 303.19 mln |
Subscription Percentage: | 79.79 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - Malath Cooperative Insurance Company
Share Performance
Last Price: | 19.90 |
Change: | (1.29) % |
Market Cap (M): | 995.00 |
Turnover: | 7,650,511.00 |
Transactions: | 1,108.00 |
Related News
Malath’s rights issue 80% subscribed; remaining shares on offerArgaam22/10/2017
Malath issues prospectus for SAR 380 mln capital hikeArgaam12/09/2017
Malath mulls capital hike to support expansions, solvency needs Argaam19/04/2016
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