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×Brief
Company Status: | Listed |
Business Activity: | Al Khaleej Training and Education Company (Al Khaleej Training) provides English language courses; information technology, management and training services. The company owns and operates schools. |
Current Capital: | 80.00 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: | 42.86 % |
Offer Price (Riyal): | 9.38 |
Issue Volume (M Riyal): | 156.00 |
Premium: | 55.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 25.00 Thousand Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi nationals and subscribed institutions |
Use of Proceeds: | IPO net proceeds will be distributed to Selling Shareholders |
Restrictions on Dealing in Shares: | Founder shareholders may not dispose thier 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: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/5/2007 |
Subscription End Date: | 11/12/2007 |
Allocation Date: | 11/17/2007 |
Distribution Date: | 11/17/2007 |
Listing Date: | 12/10/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Rashed Abdul Rahman AlRashed & Sons Group | 9.75 | 15.00 % | 299.33 |
Nayef Saleh Abdulaziz Al-Rajhi Investment Limited Company | 4.88 | 7.50 % | 149.66 |
Al Waleed A. S. Al Dreian | 4.55 | 7.00 % | 139.69 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Morgan Stanley Saudi Arabia Co. |
Financial Advisor: | Morgan Stanley Saudi Arabia Co. |
Legal Advisor: | Saud M. A. Shawwaf Law Office and Abu-Setta & Partners |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Saudi Awwal Bank, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 860mn |
Subscription Percentage: | 551% |
No. of Subscribers: | 1156K |
Allocation: | 1 share was allocated for each subscriber |
Chart - Alkhaleej Training and Education Co.
Share Performance
Last Price: | 30.70 |
Change: | 0.49 % |
Market Cap (M): | 1,995.50 |
Turnover: | 7,293,887.00 |
Transactions: | 600.00 |
Share Stats
First Day Open: | 30.30 |
First Day High: | 31.02 |
First Day Low: | 25.33 |
First Day Close: | 26.13 |
1st Day Change: | 178.56 % |
1st Month Change: | 144.99 % |
1st year Change: | (19.87 %) |
Since listing: | 227.30 % |
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