Al-Hammadi Development and Investment Company is to sell 22.50 million shares, or 30 percent of the company, in an initial public offering from June 11 to June 17 2014. The IPO will raise the company’s capital from SAR 525m to SAR 750m; the company said.
The IPO will be divided into two sections. The first section will be for institutional investors, including mutual funds which can subscribe to up to 100 percent of the shares or less. The second section is for Saudi retail investors who can buy up to 11.25 million shares or 50 percent of the total stocks offered, or less.
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Major Shareholders after IPO |
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Stake % |
Number of shares |
Shareholders |
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21.0% |
15.75 |
Jadwa Healthcare Opportunities |
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10.0% |
7.50 |
Saleh Bn Mohammed Al-Hammadi |
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10.0% |
7.50 |
Abulaziz Bn Mohammed Al-Hammadi |
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4.9% |
3.675 |
Faisal Bn Abulaziz Al-Hammadi |
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4.9% |
3.675 |
Mohammed Bn Saleh Al-Hammadi |
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4.9% |
3.675 |
Abdulaziz Bn Saleh Al-Hammadi |
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4.9% |
3.675 |
Mohammed Bn Abdulaziz Al-Hammadi |
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4.6% |
3.45 |
Jadwa Investment Company |
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30% |
22.50 |
Public shareholders |
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Company’s profile |
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Al-Hammadi Investment and Development Company |
Company |
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Saudi Stock Market |
Market |
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Healthcare services, owning and operating hospitals. |
Core business |
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outstanding |
status |
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SAR 525m |
Current Capital |
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IPO Profile |
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30% |
IPO % |
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22.5m shares |
No. of shares offered |
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To be determined later |
Issuing price |
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Gross IPO Proceeds |
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Saudi Individuals and institutions |
Eligible for IPO |
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Institutions: 100,000 shares Individuals: 10 shares |
Minimum |
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Institutions: 3.745m shares Individuals: 250,000 shares |
Maximum |
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June 3, 2014 |
Last date for institutions’ IPO |
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June 11 to June 17, 2014 |
IPO Date |
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June 24, 2014 |
Allocation date |
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June 24, 2014 |
Re-underwriting Date |
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Additional information |
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SAMBA Capital |
Lead manager and financial advisor |
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SAMBA, AlRajhi Bank, NCB, Riyad Bank, Arab national bank, SFB, SABB, Al-Jazira bank and Gadwa Investment. |
Receiving Banks |
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Completing the construction of a hospital in Riyadh |
The use of Net IPO proceeds |
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