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×Brief
Company Status: | Listed |
Business Activity: | The company buys and develops lands into realty projects for sale and rent out. |
Current Capital: | 5,400.00 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: | 0.00 % |
Offer Price (Riyal): | 28.00 |
Issue Volume (M Riyal): | 3,329.42 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 500.00 Thousand Shares |
Available Shares (Institutions): | 29.73 Shares |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens and subscribed institutions |
Use of Proceeds: | The net proceeds of the IPO will be distributed to the selling shareholders |
Restrictions on Dealing in Shares: | The Founding shareholders including Mr. Abdul Latif Shalal, the Managing Director, may not dispose of any shares before three years from the trading date (the “Lock-Up Period “). 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: | 12/1/2007 |
Subscription End Date: | 12/8/2007 |
Allocation Date: | 12/13/2007 |
Distribution Date: | 12/13/2007 |
Listing Date: | 12/29/2007 |
IPO results
Proceeds: | SAR 2.09bn |
Subscription Percentage: | 125.5% |
No. of Subscribers: | 1996k |
Allocation: | The allocation rate was set at 10 shares per subscriber, while the shares above the minimum were allocated at 56.4% |
Chart - Dar Alarkan Real Estate Development Co.
Share Performance
Last Price: | 13.22 |
Change: | (2.95) % |
Market Cap (M): | 14,212.80 |
Turnover: | 71,197,994.00 |
Transactions: | 4,909.00 |
Share Stats
First Day Open: | 40.01 |
First Day High: | 40.51 |
First Day Low: | 33.63 |
First Day Close: | 37.76 |
1st Day Change: | 34.86 % |
1st Month Change: | 25.04 % |
1st year Change: | (47.75 %) |
Since listing: | (53.00 %) |
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