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×Brief
Company Status: | Listed |
Business Activity: | Providing all insurance services. |
Current Capital: | 220.00 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): | 12.51 |
Issue Volume (M Riyal): | 88.00 |
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 proceeds from the IPO wil be used to purchase an insurance portfolio |
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: | 9/11/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
RAWABI HOLDING CO | 4.72 | 10.28 % | 107.02 |
Gulf Union Holding Company | 2.47 | 5.39 % | 56.11 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Banque Saudi Fransi |
Financial Advisor: | The Capital Group |
Legal Advisor: | Norton Rose Fulbright Company , Al-Rowaished & Al-Assaf Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Riyad Bank, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 395.5mn |
Subscription Percentage: | 494.4% |
No. of Subscribers: | 703.8K |
Allocation: | The allocation rate was set at 12 shares per subscriber |
Chart - Gulf Union Alahlia Cooperative Insurance Co.
Share Performance
Last Price: | 22.68 |
Change: | (1.56) % |
Market Cap (M): | 1,040.09 |
Turnover: | 16,201,366.00 |
Transactions: | 1,171.00 |
Share Stats
First Day Open: | 137.26 |
First Day High: | 137.26 |
First Day Low: | 87.55 |
First Day Close: | 95.36 |
1st Day Change: | 662.49 % |
1st Month Change: | 395.02 % |
1st year Change: | 100.00 % |
Since listing: | 81.19 % |
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