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×Brief
Company Status: | Listed |
Business Activity: | Conventional and Islamic commercial banking services |
Current Capital: | 15,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Banks |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 140.00 % |
Offer Price (Riyal): | 15.00 |
Issue Volume (M Riyal): | 13,125.00 |
Premium: | 5.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered shareholders on assembly meeting |
Use of Proceeds: | Proceeds will be used to develop the loan portfolio of the bank in order to meet the growing demand for residential and commercial loans. |
Restrictions on Dealing in Shares: | - |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/17/2008 |
Subscription End Date: | 5/28/2008 |
Allocation Date: | 6/3/2008 |
Distribution Date: | 6/3/2008 |
Listing Date: | 6/7/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Public Investment Fund | 652.50 | 21.75 % | 18,270.00 |
General Organization for Social Insurance | 311.70 | 10.39 % | 8,727.60 |
Al Nahla Trading and Contracting Company | 261.90 | 8.73 % | 7,333.20 |
240.00 | 8.00 % | 6,720.00 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Samba Financial Group, SNB Capital Company, Calyon Saudi Fransi Limited, HSBC Asia Holding Co., Morgan Stanley Saudi Arabia Co. |
Financial Advisor: | Riyad Capital , Morgan Stanley Saudi Arabia Co. |
Legal Advisor: | Turkey Abdullah Alshubaiki Office of Legal Consultants, Law Office of Mohammed Al-Sheikh |
Auditor: | KPMG Al Fozan & Partners |
Receiving Bank: | Riyad Bank, Saudi Awwal Bank, Banque Saudi Fransi, Saudi Investment Bank |
IPO results
Proceeds: | SAR 15bn |
Subscription Percentage: | 114 % |
No. of Subscribers: | - |
Allocation: | The allocation of the entire quantity required to subscribers at a price of SAR 41 (13.55m shares) |
Chart - Riyad Bank
Share Performance
Last Price: | 28.00 |
Change: | (0.36) % |
Market Cap (M): | 84,150.00 |
Turnover: | 47,396,705.00 |
Transactions: | 2,848.00 |
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