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×Brief
Company Status: | Unlisted |
Business Activity: | .The company provides cooperative insurance services in Saudi Arabia. |
Current Capital: | 100.00 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): | 11.37 |
Issue Volume (M Riyal): | 40.00 |
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 fund the company's operations and to cover the pre-operating expenses |
Restrictions on Dealing in Shares: | Founding shareholders may not dispose any shares for three years from the date of the incorporation of the Company “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: | 5/19/2007 |
Subscription End Date: | 5/28/2007 |
Allocation Date: | 6/3/2007 |
Distribution Date: | 6/3/2007 |
Listing Date: | 10/6/2007 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | The Saudi National Bank |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Kadasa Law Firm |
Auditor: | Aldar Audit Bureau Abdullah Al Basri & Company |
Receiving Bank: | Arab National Bank, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 319mn |
Subscription Percentage: | 797% |
No. of Subscribers: | 569K |
Allocation: | The allocation rate was set at 6 shares per individual subscriber |
Chart - Al-Ahlia Insurance Co.
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