Sign In
×Brief
Company Status: | Listed |
Business Activity: | The company is the second provider of fixed line telephone services in Saudi Arabia. |
Current Capital: | 1,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Telecom & IT |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 174.45 |
Issue Volume (M Riyal): | 300.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 200.00 Thousand Shares |
Available Shares (Institutions): | 5.00 Million Shares |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens |
Use of Proceeds: | The net proceeds of the IPO will be used to pay part of the license fees due to the Saudi Communications and Information Technology Commission, while the remaining amount of the proceeds from the IPO will be used to cover capital expenditures and working capital expenses |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose of any shares before three years from the licence issuance 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: | 1/24/2009 |
Subscription End Date: | 2/2/2009 |
Allocation Date: | 2/7/2009 |
Distribution Date: | 2/7/2009 |
Listing Date: | 3/21/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Bahrain Telecommunications and Wireless | 5.10 | 15.00 % | 617.94 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | SAB INVEST |
Financial Advisor: | SAB INVEST |
Legal Advisor: | Hourani & Associates , Abdulaziz Al Ajlan Office |
Auditor: | Price Water House Coopers - Saudi Arabia |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 1.06bn |
Subscription Percentage: | 350% |
No. of Subscribers: | 1350K |
Allocation: | The allocation rate was set at 22 shares per individual subscriber |
Chart - Etihad Atheeb Telecommunication Company
Share Performance
Last Price: | 121.20 |
Change: | (0.33) % |
Market Cap (M): | 4,146.78 |
Turnover: | 151,610,680.00 |
Transactions: | 6,149.00 |
Share Stats
First Day Open: | 131.39 |
First Day High: | 134.79 |
First Day Low: | 117.83 |
First Day Close: | 131.39 |
1st Day Change: | (24.68 %) |
1st Month Change: | (29.06 %) |
1st year Change: | (13.27 %) |
Since listing: | (30.07 %) |
Call Request