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×Brief
Company Status: | Listed |
Business Activity: | The company provides insurance and reinsurance services. |
Current Capital: | 200.00 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: | 72.41 % |
Offer Price (Riyal): | 14.28 |
Issue Volume (M Riyal): | 84.00 |
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: | Net IPO proceeds will be used to finance the company's operations |
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: | 10/27/2007 |
Subscription End Date: | 11/3/2007 |
Allocation Date: | 11/10/2007 |
Distribution Date: | 11/10/2007 |
Listing Date: | 2/10/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al Saqr National Insurance Co. | 3.64 | 26.00 % | 119.03 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Riyad Bank |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Al-Rowaished & Al-Assaf Law Firm |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Riyad Bank, Saudi Awwal Bank, Alawwal Bank |
IPO results
Proceeds: | SAR 466mn |
Subscription Percentage: | 555% |
No. of Subscribers: | 825K |
Allocation: | The allocation rate was set at 10 shares per subscriber |
Chart - Al Sagr Cooperative Insurance Co
Share Performance
Last Price: | 32.70 |
Change: | 0.77 % |
Market Cap (M): | 456.40 |
Turnover: | 17,944,777.00 |
Transactions: | 1,514.00 |
Share Stats
First Day Open: | 94.22 |
First Day High: | 102.78 |
First Day Low: | 60.67 |
First Day Close: | 61.75 |
1st Day Change: | 332.60 % |
1st Month Change: | 307.60 % |
1st year Change: | 233.00 % |
Since listing: | 128.37 % |
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