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×Brief
Company Status: | Listed |
Business Activity: | The Company is engaged in producing Methanol, Formaldehyde and super plasticizers and various amino resins. |
Current Capital: | 1,206.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Petrochemical Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 100.00 % |
Offer Price (Riyal): | 21.46 |
Issue Volume (M Riyal): | 723.60 |
Premium: | 2.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 500.00 Thousand Shares |
Available Shares (Institutions): | 3.01 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | - |
Eligibility : | Natural Nationals of the Kingdom of Saudi Arabia |
Use of Proceeds: | Proceeds from the IPO will be used to finance part of the costs of the company's expansions |
Restrictions on Dealing in Shares: | The Main shareholders may not dispose of any shares before (1) three years from the formation of the company or (2) the commencement of commercial operations whichever happens later . 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: | 8/11/2008 |
Subscription End Date: | 8/20/2008 |
Allocation Date: | 8/26/2008 |
Distribution Date: | 8/26/2008 |
Listing Date: | 9/16/2008 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Samba Capital and Investment Management Company |
Financial Advisor: | Samba Capital and Investment Management Company |
Legal Advisor: | Clifford Chance Co., Youssef Al-Jadaan & Partners Law Firm, 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 4.13bn |
Subscription Percentage: | 600% |
No. of Subscribers: | 5340K |
Allocation: | Allocation rate was set at 10 shares per individual |
Chart - Methanol Chemicals Co.
Share Performance
Last Price: | 16.30 |
Change: | (0.24) % |
Market Cap (M): | 1,106.18 |
Turnover: | 4,795,693.00 |
Transactions: | 906.00 |
Share Stats
First Day Open: | 20.56 |
First Day High: | 25.84 |
First Day Low: | 20.56 |
First Day Close: | 25.03 |
1st Day Change: | 16.67 % |
1st Month Change: | 9.17 % |
1st year Change: | 32.92 % |
Since listing: | (23.56 %) |
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