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×Brief
Company Status: | Unlisted |
Business Activity: | The company provides integrated insurance services. |
Current Capital: | 555.00 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): | 22.20 |
Issue Volume (M Riyal): | 222.00 |
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 IPO proceeds will be used in financing the additional costs associated with the establishment of the company and its initial development, general working capital needs, maintaining the minimum margin of solvency in addition to the operations and investments of the company |
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: | 3/22/2010 |
Subscription End Date: | 3/28/2010 |
Allocation Date: | 4/3/2010 |
Distribution Date: | 4/3/2010 |
Listing Date: | 6/8/2010 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Riyad Capital |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Abdulaziz Alassaf & Partners Law Firm |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Riyad Bank, Saudi Awwal Bank, The Saudi National Bank, Yaqeen Financial Company, SHUAA Capital Saudi Arabia Company , Aldukheil Financial Group |
IPO results
Proceeds: | - |
Subscription Percentage: | 300% |
No. of Subscribers: | - |
Allocation: | The allocation rate was set at 17 shares per individual subscriber |
Chart - Solidarity Saudi Takaful Co.
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