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×Brief
Company Status: | Listed |
Business Activity: | The company is a producer of several food products. |
Current Capital: | 285.70 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Agriculture and Food Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.85 % |
Offer Price (Riyal): | 18.18 |
Issue Volume (M Riyal): | 171.43 |
Premium: | 10.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | 6.00 Million Shares |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens and investment funds |
Use of Proceeds: | The company intends to use the net proceeds as follows: - 40% to buy existing food factories - 40% to finance expansion of production lines and the development of industrial activities - 10% to pay off bank debt of HB-Egypt - 5% contracts to manufacture and distribute Halwani's products in Western and Asian countries - 5% to be invested in accordance to Islamic Sharia law |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose of any shares before 6 months from the trading date . 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: | 6/21/2008 |
Subscription End Date: | 6/30/2008 |
Allocation Date: | 7/6/2008 |
Distribution Date: | 7/6/2008 |
Listing Date: | 7/16/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Aseer Arabian for Industrial Investment co. | 19.63 | 55.51 % | 987.31 |
Mohamed Abdelhamid Mahmoud Halwani | 2.48 | 7.00 % | 124.50 |
Mohammad Abdul Hameed Halwani investment company | 2.03 | 5.74 % | 102.09 |
Advisors
Lead Manager: | Calyon Saudi Fransi Limited |
Underwriter: | Calyon Saudi Fransi Limited |
Financial Advisor: | GIB Capital LLC |
Legal Advisor: | The Law Office of Abdulaziz H. Al Fahad and Partners |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Bank Aljazira, Riyad Bank, Samba Financial Group, Banque Saudi Fransi, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 982.99mn |
Subscription Percentage: | 819 % |
No. of Subscribers: | 3200K |
Allocation: | The allocation rate was set at 1 share per subscriber |
Chart - Halwani Bros. Co.
Share Performance
Last Price: | 50.30 |
Change: | 1.21 % |
Market Cap (M): | 1,778.61 |
Turnover: | 307,477.00 |
Transactions: | 105.00 |
Share Stats
First Day Open: | 30.91 |
First Day High: | 32.73 |
First Day Low: | 26.36 |
First Day Close: | 27.95 |
1st Day Change: | 53.75 % |
1st Month Change: | 72.50 % |
1st year Change: | 62.00 % |
Since listing: | 176.65 % |
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