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×Brief
Company Status: | Unlisted |
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): | 10.00 |
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 the completion of the company's 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: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/19/2007 |
Subscription End Date: | 5/28/2007 |
Allocation Date: | 6/3/2007 |
Distribution Date: | 6/3/2007 |
Listing Date: | 7/21/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Khazna Insurance Company | 3.00 | 15.00 % | - |
Omar Abdelfatah Al Akkad & Co. Company | 1.80 | 9.00 % | - |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Banque Saudi Fransi |
Financial Advisor: | - |
Legal Advisor: | Turkey Abdullah Alshubaiki Office of Legal Consultants |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Samba Financial Group, Banque Saudi Fransi |
IPO results
Proceeds: | SAR 354.2mn |
Subscription Percentage: | 400% |
No. of Subscribers: | 589K |
Allocation: | The allocation rate was set at 13 shares per individual subscriber |
Chart - Sanad Cooperative Insurance Company
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