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×Brief
Company Status: | Listed |
Business Activity: | Manufacturing of modular buildings, providing a broad range of housing solutions for commercial and residential applications. |
Current Capital: | 300.00 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): | 57.55 |
Issue Volume (M Riyal): | 522.00 |
Premium: | 48.00 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 nationals |
Use of Proceeds: | The net proceeds of the IPO will be paid to the selling shareholder (Al-Dabbagh) |
Restrictions on Dealing in Shares: | The Existing Shareholders may not dispose of any Shares during the period of 6 months from the date on which trading of the Offer Shares commences on the Exchange. After the 6-months share trading restriction period has elapsed, the Existing Shareholders may dispose of their Shares only after obtaining CMA approval |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 8/12/2006 |
Subscription End Date: | 8/21/2006 |
Allocation Date: | 8/28/2006 |
Distribution Date: | 8/28/2006 |
Listing Date: | 11/4/2006 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al Dabbagh Holding Co. | 15.42 | 51.00 % | 524.19 |
Trading Co. for Marketing Services & Agencies | 3.02 | 10.00 % | 102.78 |
Trade Development Group Limited | 2.72 | 9.00 % | 92.50 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | Alawwal Bank |
Financial Advisor: | Swicorp Joussour Co. |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | Ernst & Young Professional Services Co |
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 2.7bn |
Subscription Percentage: | 578% |
No. of Subscribers: | 4600K |
Allocation: | The allocation rate was set at 2 shares per individual subscriber |
Chart - Red Sea International Company
Share Performance
Last Price: | 34.00 |
Change: | 2.77 % |
Market Cap (M): | 1,009.68 |
Turnover: | 13,556,429.00 |
Transactions: | 1,510.00 |
Share Stats
First Day Open: | 114.11 |
First Day High: | 118.08 |
First Day Low: | 76.40 |
First Day Close: | 85.33 |
1st Day Change: | 48.28 % |
1st Month Change: | (3.45 %) |
1st year Change: | 13.79 % |
Since listing: | (41.96 %) |
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