Sign In
×Brief
Company Status: | Listed |
Business Activity: | The company provides general and medical insurance services. |
Current Capital: | 130.00 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): | 5.17 |
Issue Volume (M Riyal): | 52.00 |
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 in addition to the paid-up capital by the founders will be used in financing additional costs associated with the establishment of the company, the general working capital needs, maintaining the minimum margin of solvency, and financing the acquisition of the insurance portfolio and assets related to Pearl 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: | 10/3/2009 |
Subscription End Date: | 10/9/2009 |
Allocation Date: | 10/14/2009 |
Distribution Date: | 10/14/2009 |
Listing Date: | 2/15/2010 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Gulf Insurance Co. | 8.55 | 28.50 % | 197.33 |
Yasser Y. Nagi | 3.45 | 11.50 % | 79.63 |
Gulf Medical Co. Ltd. | 1.50 | 5.00 % | 34.62 |
Yousuf M. A. Naghi Co. | 1.50 | 5.00 % | 34.62 |
Advisors
Lead Manager: | Al Rajhi Capital Company |
Underwriter: | Morgan Stanley Saudi Arabia Co. |
Financial Advisor: | Morgan Stanley Saudi Arabia Co. |
Legal Advisor: | Norton Rose Fulbright Company |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Al Rajhi Bank, Samba Financial Group, Banque Saudi Fransi |
IPO results
Proceeds: | SAR 605.2mn |
Subscription Percentage: | 1163% |
No. of Subscribers: | 1121K |
Allocation: | The allocation rate was set at 4 shares per individual subscriber |
Chart - Buruj Cooperative Insurance Co.
Share Performance
Last Price: | 23.08 |
Change: | (1.79) % |
Market Cap (M): | 689.40 |
Turnover: | 4,660,375.00 |
Transactions: | 589.00 |
Share Stats
First Day Open: | 21.22 |
First Day High: | 21.72 |
First Day Low: | 18.32 |
First Day Close: | 18.46 |
1st Day Change: | 256.73 % |
1st Month Change: | 246.87 % |
1st year Change: | 176.73 % |
Since listing: | 344.08 % |
Call Request