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×Brief
Company Status: | Listed |
Business Activity: | The company provides medical insurance and reinsurance services. |
Current Capital: | 320.00 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): | 19.65 |
Issue Volume (M Riyal): | 128.00 |
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 operations and investments of the company, and to cover the pre-operating expenses, while maintaining the solvency margin requirements according to Bylaw Cooperative Insurance Companies Control |
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: | 6/13/2010 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Amana Gulf Insurance company | 4.38 | 10.18 % | 64.79 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | Yaqeen Financial Company |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | Abdulaziz Alassaf & Partners Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Samba Financial Group, Banque Saudi Fransi, Yaqeen Financial Company, Jadwa Investment Co., Al-Nefaie Investment Group, Aloula Geojit Capital , Aldukheil Financial Group |
IPO results
Proceeds: | SAR 578.2mn |
Subscription Percentage: | 451.7% |
No. of Subscribers: | 1048.33K |
Allocation: | The allocation rate was set at 12 shares per individual subscriber |
Chart - Amana Cooperative Insurance Co.
Share Performance
Last Price: | 14.80 |
Change: | 0.55 % |
Market Cap (M): | 626.94 |
Turnover: | 24,521,392.00 |
Transactions: | 2,137.00 |
Share Stats
First Day Open: | 30.46 |
First Day High: | 30.46 |
First Day Low: | 26.22 |
First Day Close: | 26.62 |
1st Day Change: | 35.52 % |
1st Month Change: | 45.99 % |
1st year Change: | 324.99 % |
Since listing: | (25.79 %) |
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