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×Brief
Company Status: | Listed |
Business Activity: | The company provides cooperative insurance services in Saudi Arabia. |
Current Capital: | 350.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 7.13 |
Issue Volume (M Riyal): | 105.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens |
Use of Proceeds: | Net IPO proceeds will be used in: 1 - investment funds in compliance with to SAMA requirement, and to fund the insurance portfolio of Bank Aljazira 2- As a consolidated bank custody according to the implementing regulations requirements related to the Cooperative Insurance Companies Control Law 3 - covering the pre-incorporation expenses including the incorporation expenses, operational expenses and the requirements of the working capital |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose any of their shares before three years "Lock Up Period" from the establishment date . After the shares restrictions are elapsed, the Founding shareholders may only dispose their shares after obtaining CMA's approval |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/13/2013 |
Subscription End Date: | 5/19/2013 |
Allocation Date: | 5/26/2013 |
Distribution Date: | 5/26/2013 |
Listing Date: | 7/21/2013 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Bank Al Jazira | 14.72 | 22.31 % | 279.77 |
Solidarity Saudi Takaful Co. | 4.65 | 7.05 % | 88.41 |
Consolidated Brothers Company | 3.30 | 5.00 % | 62.70 |
Advisors
Lead Manager: | AlJazira Capital Company |
Underwriter: | Al-bilad Investment Co. |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Meshal Al Aqeel Attorney & Consultation |
Auditor: | Price Water House Coopers - Saudi Arabia |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Bank Aljazira, Riyad Bank, Alawwal Bank |
IPO results
Proceeds: | SAR 958.65mn |
Subscription Percentage: | 913% |
No. of Subscribers: | - |
Allocation: | The allocation rate was set at 6 shares per subscriber |
Chart - Aljazira Takaful Taawuni Company
Share Performance
Last Price: | 19.00 |
Change: | 2.70 % |
Market Cap (M): | 1,254.00 |
Turnover: | 7,007,779.00 |
Transactions: | 1,004.00 |
Share Stats
First Day Open: | 7.84 |
First Day High: | 7.84 |
First Day Low: | 7.84 |
First Day Close: | 7.84 |
1st Day Change: | 10.00 % |
1st Month Change: | 500.00 % |
1st year Change: | 612.30 % |
Since listing: | 166.49 % |
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