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×Brief
Company Status: | Listed |
Business Activity: | The company is a manufacturer of industrial, instrumentation and process control cables. |
Current Capital: | 600.00 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: | 50.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 200.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All Rights holders whether they are registered shareholders or have purchased rights issue during the trading period |
Use of Proceeds: | The net proceeds from the IPO will be used to: 1- repay part of the long term loan amount to SAR 75mn 2- pay part of the working capital worth SAR 100mn 3- pay expenses of the IPO worth SAR 6mn 4- use in the company's general purposes of SAR 19mn |
Restrictions on Dealing in Shares: | - |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 9/3/2013 |
Subscription End Date: | 9/17/2013 |
Allocation Date: | 9/29/2013 |
Distribution Date: | 9/29/2013 |
Listing Date: | 9/29/2013 |
Advisors
Lead Manager: | GIB Capital LLC |
Underwriter: | GIB Capital LLC |
Financial Advisor: | GIB Capital LLC |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | Deloitte Touche Tohmatsu, Ernst & Young Professional Services Co |
Receiving Bank: | Bank Aljazira, Riyad Bank, Samba Financial Group, Banque Saudi Fransi, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 149.56mn |
Subscription Percentage: | 74.8% |
No. of Subscribers: | - |
Allocation: | The eligibility ratio was set at 1 right for each 2 share, while the remaining shares were allocated for financial institutions with the highest bid then the least |
Chart - Middle East Specialized Cables Co.
Share Performance
Last Price: | 32.05 |
Change: | (0.47) % |
Market Cap (M): | 1,282.00 |
Turnover: | 2,412,841.00 |
Transactions: | 231.00 |
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