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×Brief
Company Status: | Listed |
Business Activity: | The company provides all insurance services |
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: | 30.00 % |
Offer Price (Riyal): | 4.07 |
Issue Volume (M Riyal): | 30.00 |
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 expenses of incorporation and working capital needs while maintaining the required solvency margin and minimum capital of the company |
Restrictions on Dealing in Shares: | The Founding Shareholders may not dispose any of their shares for three years, from the date of the incorporation “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: | 3/22/2010 |
Subscription End Date: | 3/28/2010 |
Allocation Date: | 4/3/2010 |
Distribution Date: | 4/3/2010 |
Listing Date: | 6/6/2010 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Ibrahim Al Juffali & Bros. Co. | 11.95 | 29.88 % | 352.58 |
Saudi National Insurance Co. | 4.50 | 11.25 % | 132.75 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | SAB INVEST |
Financial Advisor: | SAB INVEST |
Legal Advisor: | Naji Law Firm |
Auditor: | KPMG Al Fozan & Partners |
Receiving Bank: | Riyad Bank, Alawwal Bank, The Saudi National Bank, Aldukheil Financial Group |
IPO results
Proceeds: | SAR 600mn |
Subscription Percentage: | 2000% |
No. of Subscribers: | 1140K |
Allocation: | The allocation rate was set at 2 shares per subscriber |
Chart - Wataniya Insurance Co.
Share Performance
Last Price: | 29.50 |
Change: | 1.54 % |
Market Cap (M): | 1,190.00 |
Turnover: | 14,605,992.00 |
Transactions: | 1,059.00 |
Share Stats
First Day Open: | 21.96 |
First Day High: | 22.37 |
First Day Low: | 17.41 |
First Day Close: | 17.65 |
1st Day Change: | 333.70 % |
1st Month Change: | 407.17 % |
1st year Change: | 407.17 % |
Since listing: | 630.96 % |
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