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×Brief
Company Status: | Listed |
Business Activity: | The company provides insurance and reinsurance services. |
Current Capital: | 800.00 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: | 25.00 % |
Offer Price (Riyal): | 15.00 |
Issue Volume (M Riyal): | 200.00 |
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 and paid-up capital by the founders to acquire the insurance company MEDGULF Bahrain in addition to financing the company's operations in the future |
Restrictions on Dealing in Shares: | The Founding Shareholders may not dispose of any shares for three years after the trading date . However, after 6 months from the trading date, buying and selling shares between founding shareholders is allowed. Once the Lock-in Period elapses, the Founding Shareholders may dispose of their Shares after obtaining the required CMA & SAMA approvals |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 2/17/2007 |
Subscription End Date: | 2/26/2007 |
Allocation Date: | 3/4/2007 |
Distribution Date: | 3/4/2007 |
Listing Date: | 5/7/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Investment Bank | 19.95 | 19.00 % | 550.62 |
Rakan Abdullah Rashid Abunayan | 12.65 | 12.05 % | 349.21 |
Mediterranean & Gulf Insurance Co. | 11.99 | 11.42 % | 330.95 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | The Saudi National Bank |
Financial Advisor: | Saudi Investment Bank, BMG Financial Group |
Legal Advisor: | Al-Rowaished & Al-Assaf Law Firm |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 785.6mn |
Subscription Percentage: | 392% |
No. of Subscribers: | 1400K |
Allocation: | The allocation rate was set at 14 shares per individual subscriber |
Chart - The Mediterranean and Gulf Insurance and Reinsurance Co.
Share Performance
Last Price: | 27.60 |
Change: | (3.52) % |
Market Cap (M): | 2,877.00 |
Turnover: | 25,474,112.00 |
Transactions: | 2,236.00 |
Share Stats
First Day Open: | 63.00 |
First Day High: | 67.13 |
First Day Low: | 39.75 |
First Day Close: | 40.13 |
1st Day Change: | 167.52 % |
1st Month Change: | 175.05 % |
1st year Change: | 210.05 % |
Since listing: | 82.67 % |
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