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×Brief
Company Status: | Listed |
Business Activity: | The company provides cooperative insurance in the medical and vehicles insurance services. |
Current Capital: | 250.00 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: | 72.41 % |
Offer Price (Riyal): | 5.55 |
Issue Volume (M Riyal): | 105.00 |
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 finance the company's operations and investments, and to cover 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: | 10/27/2007 |
Subscription End Date: | 11/3/2007 |
Allocation Date: | 11/10/2007 |
Distribution Date: | 11/10/2007 |
Listing Date: | 2/9/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Ahlia Insurance Company | 12.90 | 28.67 % | 339.31 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Al-Rowaished & Al-Assaf Law Firm |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 770.7mn |
Subscription Percentage: | 735% |
No. of Subscribers: | 1360K |
Allocation: | The allocation rate was set at 7 shares per subscriber |
Chart - Al-Etihad Cooperative Insurance Co.
Share Performance
Last Price: | 26.30 |
Change: | 0.57 % |
Market Cap (M): | 1,183.50 |
Turnover: | 1,319,869.00 |
Transactions: | 170.00 |
Share Stats
First Day Open: | 47.21 |
First Day High: | 51.11 |
First Day Low: | 26.66 |
First Day Close: | 26.66 |
1st Day Change: | 380.04 % |
1st Month Change: | 297.64 % |
1st year Change: | 97.46 % |
Since listing: | 373.49 % |
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