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×Brief
Company Status: | Listed |
Business Activity: | Extra core activities include retail of consumer electronics, appliances, communications and solutions. |
Current Capital: | 240.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Retail |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 16.42 |
Issue Volume (M Riyal): | 396.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 3.60 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | - |
Eligibility : | Investments from institutions and Natural Saudi Citizens |
Use of Proceeds: | Net proceeds will be distributed to the selling shareholders |
Restrictions on Dealing in Shares: | Founder shareholders may not dispose tier shares for a period of six months from the trading date Following the expiry of this six month lock-in period the Founding Shareholders may only dispose of their Shares after obtaining the approval of the CMA |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 12/5/2011 |
Subscription End Date: | 12/11/2011 |
Allocation Date: | 12/17/2011 |
Distribution Date: | 12/17/2011 |
Listing Date: | 12/24/2011 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al-Fawzan Holding Company | 16.00 | 20.00 % | 1,564.80 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | HSBC Saudi Arabia Co. |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | Hourani & Associates |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 851.004mn |
Subscription Percentage: | 214.9% |
No. of Subscribers: | - |
Allocation: | A 10 shares was allocated to each subscriber and the rest of the shares offered was allocated on a proportional basis based on each subscriber request to the total of Shares applied for with 20% rate |
Chart - United Electronics Co.
Share Performance
Last Price: | 97.80 |
Change: | (1.32) % |
Market Cap (M): | 7,800.00 |
Turnover: | 51,995,949.00 |
Transactions: | 2,976.00 |
Share Stats
First Day Open: | 19.47 |
First Day High: | 22.16 |
First Day Low: | 19.47 |
First Day Close: | 21.79 |
1st Day Change: | 32.68 % |
1st Month Change: | 45.85 % |
1st year Change: | 85.86 % |
Since listing: | 493.79 % |
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