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×Brief
Company Status: | Listed |
Business Activity: | The company is the developer of the Knowledge Economic City in Medina. |
Current Capital: | 3,393.00 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: | 30.06 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 1,020.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 500.00 Thousand 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 finance the development of its properties and pre-operating expenses |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose of any shares before five 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: | 5/24/2010 |
Subscription End Date: | 5/30/2010 |
Allocation Date: | 6/6/2010 |
Distribution Date: | 6/6/2010 |
Listing Date: | 8/9/2010 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
King Abdullah Bin Abdul-Aziz Foundation for Development Housing | 99.99 | 29.47 % | 1,633.86 |
Developers of Knowledge Economic City Co. | 82.99 | 24.46 % | 1,356.10 |
Taiba Investments Co. | 32.57 | 9.60 % | 532.24 |
Ameen M. A. Shaker | 26.16 | 7.71 % | 427.45 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company, Swicorp Joussour Co. |
Financial Advisor: | SNB Capital Company, Swicorp Joussour Co. |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | KPMG Al Fozan & Partners |
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 1.76bn |
Subscription Percentage: | 172.6% |
No. of Subscribers: | 1970K |
Allocation: | The minimum allocation is 50 shares per subscriber, while the remaining shares will be allocated on a pro-rata basis |
Chart - Knowledge Economic City
Share Performance
Last Price: | 16.34 |
Change: | (2.04) % |
Market Cap (M): | 5,550.95 |
Turnover: | 5,435,594.00 |
Transactions: | 741.00 |
Share Stats
First Day Open: | 10.75 |
First Day High: | 11.05 |
First Day Low: | 10.20 |
First Day Close: | 10.30 |
1st Day Change: | 3.00 % |
1st Month Change: | (13.00 %) |
1st year Change: | (32.00 %) |
Since listing: | 63.60 % |
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