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×Brief
Company Status: | Listed |
Business Activity: | The company, a subsidiary of Sabic, is engaged in production and sale of various petrochemical products. |
Current Capital: | 15,000.00 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: | 45.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 6,750.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 20.00 Million Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Individual nationals of the kingdom of Saudi Arabia |
Use of Proceeds: | The Company will use the IPO net proceeds to finance part of the costs of developing, establishing and operating an integrated petrochemicals complex in Jubail Industrial City |
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 (the “Lock-Up Period “). After the shares restrictions are elapsed, the Founding shareholders may only dispose of their shares after obtaining CMA's approval. SABIC is expected to own 35% of the company until long term loans are fully settled . |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 4/28/2007 |
Subscription End Date: | 5/7/2007 |
Allocation Date: | 5/13/2007 |
Distribution Date: | 5/13/2007 |
Listing Date: | 6/23/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Basic Industries Corp. (SABIC) | 525.00 | 35.00 % | 4,856.25 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Samba Financial Group |
Financial Advisor: | Samba Financial Group |
Legal Advisor: | Clifford Chance Co., Youssef Al-Jadaan & Partners Law Firm |
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 37.9bn |
Subscription Percentage: | 561 % |
No. of Subscribers: | 3700K |
Allocation: | The entire quantity has been allocated with a limit of 7000 shares |
Chart - Saudi Kayan Petrochemical Co.
Share Performance
Last Price: | 9.25 |
Change: | 0.65 % |
Market Cap (M): | 13,890.00 |
Turnover: | 39,187,472.00 |
Transactions: | 4,960.00 |
Share Stats
First Day Open: | 12.00 |
First Day High: | 13.75 |
First Day Low: | 12.00 |
First Day Close: | 13.00 |
1st Day Change: | 30.00 % |
1st Month Change: | 22.50 % |
1st year Change: | 170.00 % |
Since listing: | (7.40 %) |
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