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×Brief
Company Status: | Listed |
Business Activity: | The company provides general and medical 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): | 5.00 |
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: | Net IPO proceeds will be used in acquiring the insurance portfolio owned by Arabian Shield (Bahrain), in addition to financing the company's operations and paying pre-operating expenses |
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: | - |
: | - |
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: | 6/26/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Alinma Bank | 9.18 | 11.50 % | 213.86 |
The Saudi National Bank | 7.16 | 8.97 % | 166.81 |
Bahrain National Holding Co. | 6.00 | 7.52 % | 139.85 |
Sutlan Holdnig co | 5.70 | 7.14 % | 132.78 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | Alawwal Bank |
Financial Advisor: | Alawwal Bank |
Legal Advisor: | Khaled Al-Thebeity Law Firm, Hourani & Associates |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Samba Financial Group, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 360mn |
Subscription Percentage: | 450% |
No. of Subscribers: | 666K |
Allocation: | The allocation rate was set at 12 shares per subscriber |
Chart - Arabian Shield Cooperative Insurance Co.
Share Performance
Last Price: | 23.30 |
Change: | (6.50) % |
Market Cap (M): | 1,835.75 |
Turnover: | 88,149,700.00 |
Transactions: | 5,943.00 |
Share Stats
First Day Open: | 31.00 |
First Day High: | 33.50 |
First Day Low: | 25.50 |
First Day Close: | 31.88 |
1st Day Change: | 537.56 % |
1st Month Change: | 542.51 % |
1st year Change: | 187.43 % |
Since listing: | 360.05 % |
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