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×Brief
Company Status: | Listed |
Business Activity: | The company manufactures water and sewerage pipe systems. It also owns and sells pipe technologies. |
Current Capital: | 445.50 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 350.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 346.50 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered shareholders and new investors . |
Use of Proceeds: | _ Financing working capital ( SAR 165 mln), _ Payment of some banking obligations ( SAR 156.5 mln), _ Offering Costs ( SAR 25 mln) . |
Restrictions on Dealing in Shares: | There are no restrictions imposed on trading in the company’s shares, except for the legal restrictions imposed on publicly listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 1/24/2024 |
The minimum & maximum offering price: | 2/27/2024 |
Subscription End Date: | 3/10/2024 |
Allocation Date: | 3/19/2024 |
Distribution Date: | 4/18/2024 |
Listing Date: | 3/21/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Prince Mohammed bin Fahad bin Abdulaziz Al Saud | 2.80 | 6.28 % | 80.71 |
Prince Fahd Khaled Abdullah Abdul Rahman Al Saud | 2.33 | 5.24 % | 67.35 |
Advisors
Lead Manager: | Al-Nefaie Investment Group |
Underwriter: | Al Wasatah Al Maliah Company |
Financial Advisor: | Al Wasatah Al Maliah Company |
Legal Advisor: | GLA & Company |
Auditor: | Al Kharashi & Company Certified Accountants and Auditors |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 317.78 mln |
Subscription Percentage: | 91.71% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Saudi Arabian Amiantit Co.
Share Performance
Last Price: | 28.85 |
Change: | (0.86) % |
Market Cap (M): | 1,280.81 |
Turnover: | 57,760,867.00 |
Transactions: | 4,468.00 |
Related News
Amiantit rump offering 556.15% oversubscribed Argaam19/03/2024
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Amiantit says rights issue closes todayArgaam Special10/03/2024
Amiantit rights trading period ends todayArgaam Special05/03/2024
Amiantit starts rights trading, subscription to new shares todayArgaam Special27/02/2024
Edaa deposits Amiantit’s tradable rights todayArgaam26/02/2024
Amiantit sets rights trading, new shares subscription periodArgaam25/02/2024
Amiantit shareholders OK SAR 346.5M rights issue to raise capital Argaam21/02/2024
Amiantit issues prospectus for SAR 346.5M rights offeringArgaam29/01/2024
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