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×Brief
Company Status: | Listed |
Business Activity: | The company provides cooperative insurance services in Saudi Arabia |
Current Capital: | 200.00 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: | 66.67 % |
Offer Price (Riyal): | 5.84 |
Issue Volume (M Riyal): | 80.00 |
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: | The net proceeds from the IPO will be used to fully pay the company's capital in addition to paying accrued expenses, and creating a portfolio |
Restrictions on Dealing in Shares: | The Founding Shareholders may not dispose any of their shares for three years, from the date of the incorporation “Lock-in Period”. Once the Lock-in Period has elapsed, the Founding Shareholders may dispose their shares after obtaining the required CMA approvals |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 3/17/2007 |
Subscription End Date: | 3/26/2007 |
Allocation Date: | 4/1/2007 |
Distribution Date: | 4/1/2007 |
Listing Date: | 7/17/2007 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Bank Aljazira, The Capital Group |
Financial Advisor: | - |
Legal Advisor: | Al-Rowaished & Al-Assaf Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Banque Saudi Fransi |
IPO results
Proceeds: | SAR 286mn |
Subscription Percentage: | 375% |
No. of Subscribers: | 131K |
Allocation: | The allocation rate was set at 15 shares per subscriber |
Chart - Walaa Cooperative Insurance Co.
Share Performance
Last Price: | 30.10 |
Change: | 1.34 % |
Market Cap (M): | 2,568.51 |
Turnover: | 11,805,008.00 |
Transactions: | 951.00 |
Share Stats
First Day Open: | 34.47 |
First Day High: | 35.05 |
First Day Low: | 26.72 |
First Day Close: | 27.45 |
1st Day Change: | 370.03 % |
1st Month Change: | 665.06 % |
1st year Change: | 175.17 % |
Since listing: | 417.11 % |
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