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×Brief
Company Status: | Listed |
Business Activity: | The company is the third mobile phone operator in Saudi Arabia. |
Current Capital: | 14,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Telecom & IT |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 50.00 % |
Offer Price (Riyal): | 37.82 |
Issue Volume (M Riyal): | 7,000.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | 70.00 Million Shares |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi nationals |
Use of Proceeds: | The net proceeds of the IPO will be used to pay part of the license fees as well as financing the company's general objectives |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose of any shares before three years from the licence issuance date . 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: | 2/9/2008 |
Subscription End Date: | 2/18/2008 |
Allocation Date: | 2/24/2008 |
Distribution Date: | 2/24/2008 |
Listing Date: | 3/22/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Mobile Telecommunications Co. | 332.89 | 37.04 % | 4,021.31 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Banque Saudi Fransi |
Financial Advisor: | Banque Saudi Fransi |
Legal Advisor: | Clifford Chance Co., Alliance legal group |
Auditor: | Price Water House Coopers - Saudi Arabia |
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 17.8bn |
Subscription Percentage: | 283 % |
No. of Subscribers: | 8530K |
Allocation: | Each subscriber for 50 shares recieved the full amount subscribed, as will each individual subscribed in more than 50 shares recieved 83 shares |
Chart - Mobile Telecommunication Company Saudi Arabia
Share Performance
Last Price: | 12.08 |
Change: | (1.47) % |
Market Cap (M): | 10,838.68 |
Turnover: | 33,045,453.00 |
Transactions: | 3,217.00 |
Share Stats
First Day Open: | 83.21 |
First Day High: | 89.82 |
First Day Low: | 72.82 |
First Day Close: | 79.42 |
1st Day Change: | 110.01 % |
1st Month Change: | 170.05 % |
1st year Change: | 4.01 % |
Since listing: | (68.11 %) |
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