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×Brief
Company Status: | Listed |
Business Activity: | The company provides insurance and reinsurance services. |
Current Capital: | 1,000.00 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): | 11.22 |
Issue Volume (M Riyal): | 400.00 |
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 cover working capital needs |
Restrictions on Dealing in Shares: | The Founding Shareholders may not dispose any of its 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: | 3/8/2008 |
Subscription End Date: | 3/15/2008 |
Allocation Date: | 3/20/2008 |
Distribution Date: | 3/20/2008 |
Listing Date: | 5/24/2008 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | Alawwal Bank |
Financial Advisor: | Alawwal Bank |
Legal Advisor: | Khaled Al-Thebeity Law Firm |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 1.46bn |
Subscription Percentage: | 360% |
No. of Subscribers: | 2400K |
Allocation: | The allocation rate was set at 16 shares per subscriber |
Chart - Saudi Reinsurance Co.
Share Performance
Last Price: | 25.60 |
Change: | 2.40 % |
Market Cap (M): | 2,280.96 |
Turnover: | 17,719,965.00 |
Transactions: | 1,509.00 |
Share Stats
First Day Open: | 26.09 |
First Day High: | 27.50 |
First Day Low: | 21.88 |
First Day Close: | 23.01 |
1st Day Change: | 105.01 % |
1st Month Change: | 82.49 % |
1st year Change: | 24.49 % |
Since listing: | 128.09 % |
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