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×Brief
Company Status: | Listed |
Business Activity: | The company is a manufacturer of outdoor lighting, transmission and distribution, telecommunications, structural steel and galvanizing services. |
Current Capital: | 270.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 17.78 |
Issue Volume (M Riyal): | 324.00 |
Premium: | 30.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 25.00 Thousand Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens |
Use of Proceeds: | The net proceeds from the IPO will be distributed to the selling shareholders |
Restrictions on Dealing in Shares: | Selling shareholders may not dispose thier shares for a period of six months from the trading date Following the expiry of this six month lock-in period the Founding Shareholders may only dispose of their Shares after obtaining the approval of the CMA |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/4/2006 |
Subscription End Date: | 11/13/2006 |
Allocation Date: | 11/19/2006 |
Distribution Date: | 11/19/2006 |
Listing Date: | 12/12/2006 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | Saudi Awwal Bank |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | BDO International |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 955.4mn |
Subscription Percentage: | 295% |
No. of Subscribers: | 2200K |
Allocation: | The allocation rate was set at 4 shares per individual subscriber |
Chart - Al-Babtain Power and Telecommunication Co.
Share Performance
Last Price: | 41.50 |
Change: | (1.31) % |
Market Cap (M): | 2,657.12 |
Turnover: | 43,018,642.00 |
Transactions: | 7,491.00 |
Share Stats
First Day Open: | 26.22 |
First Day High: | 26.66 |
First Day Low: | 19.33 |
First Day Close: | 26.22 |
1st Day Change: | 47.47 % |
1st Month Change: | 38.73 % |
1st year Change: | 111.21 % |
Since listing: | 133.71 % |
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