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×Brief
Company Status: | Unlisted |
Business Activity: | The Company is engaged in producing Ethylene, Propylene and other petrochemical products through its affiliate Saudi Polymers. |
Current Capital: | 4,800.00 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): | 10.00 |
Issue Volume (M Riyal): | 2,400.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | 160.00 Million Shares |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | - |
Use of Proceeds: | The net proceeds of the IPO are to be used to finance its stake in Saudi Polymers Company (SPCo) and to pay Petrochem's expenses during the project's implementation period |
Restrictions on Dealing in Shares: | The subscribed shares shall not be disposed before 3 years from the date of establishing the company or the date of starting commercial operations of the company's project SAPCO, whichever is later |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 7/18/2009 |
Subscription End Date: | 7/24/2009 |
Allocation Date: | 7/29/2009 |
Distribution Date: | 7/29/2009 |
Listing Date: | 8/8/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Industrial Investment Group | 480.00 | 100.00 % | 21,888.00 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Riyad Capital |
Financial Advisor: | Riyad Capital |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. |
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 1.7bn |
Subscription Percentage: | 212% |
No. of Subscribers: | 2300K |
Allocation: | Allocation rate was set at 34 shares per subscriber |
Chart - National Petrochemical Co.
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