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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: | 9,294.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Real Estate Development |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 38.43 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 2,580.00 |
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 by the end of the trading date on 28/05/2011 |
Use of Proceeds: | The net proceeds of the IPO will be used in implementing part of the second phase of Jabal Omar project worth 1292 million riyals, as well as part of the project's first phase of SAR 862mn. In addition to repaying the SAR 350mn loan from Al Rajhi Bank |
Restrictions on Dealing in Shares: | The Main 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 monthes , 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: | 6/6/2011 |
Subscription End Date: | 6/15/2011 |
Allocation Date: | 6/28/2011 |
Distribution Date: | 6/28/2011 |
Listing Date: | 7/4/2011 |
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 Rajhi Capital Company |
Underwriter: | Al Rajhi Capital Company |
Financial Advisor: | Al Rajhi Capital Company |
Legal Advisor: | Hatem Abbas Ghazzawi & Co |
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, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 2580 mln |
Subscription Percentage: | 125% |
No. of Subscribers: | - |
Allocation: | 1 new share was allocated for every 2.60233 shares |
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 |
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