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×Brief
Company Status: | Listed |
Business Activity: | The company is the developer of Jabal Omar district, located nearby the Holly Mosque in Makkah. |
Current Capital: | 6,714.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Real Estate Development |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 8.87 |
Issue Volume (M Riyal): | 2,014.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 10.00 Million Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens |
Use of Proceeds: | The net proceeds of the IPO will be used to develop Jabal Omar region |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose of any shares before (1) five years from the trading date for the shareholders of 5% or more of the capital or (2) two fiscal years, each not less than 12 months , from the establishment date for the shareholders of 5% or less of the capital (the “Lock-Up Period “).whereas the Lock-Up period isn't applicable for shareholders of 500,000 shares or less . After the shares restrictions are elapsed, the Founding shareholders may only dispose of their shares after obtaining CMA's approval. |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 6/9/2007 |
Subscription End Date: | 6/18/2007 |
Allocation Date: | 6/24/2007 |
Distribution Date: | 6/24/2007 |
Listing Date: | 12/1/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Jabal Omar Founders | 110.83 | 9.60 % | 3,192.04 |
Makkah Construction & Development Co. | 86.71 | 7.51 % | 2,497.11 |
Advisors
Lead Manager: | Al-bilad Investment Co. |
Underwriter: | Bank Albilad |
Financial Advisor: | Al-bilad Investment 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 6.23bn |
Subscription Percentage: | 309 % |
No. of Subscribers: | 5070K |
Allocation: | 40 shares were allocated per subscriber |
Chart - Jabal Omar Development Company
Share Performance
Last Price: | 28.80 |
Change: | 0.52 % |
Market Cap (M): | 33,192.74 |
Turnover: | 54,408,600.00 |
Transactions: | 2,554.00 |
Share Stats
First Day Open: | 16.41 |
First Day High: | 17.07 |
First Day Low: | 14.41 |
First Day Close: | 15.08 |
1st Day Change: | 70.01 % |
1st Month Change: | 162.46 % |
1st year Change: | 89.97 % |
Since listing: | 224.13 % |
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