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×Brief
Company Status: | Listed |
Business Activity: | The company provides cooperative 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: | 66.67 % |
Offer Price (Riyal): | 3.33 |
Issue Volume (M Riyal): | 40.00 |
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: 1 - Finance the acquisition of the insurance portfolio, a subsidiary of ACE Arabia (Bahrain) in Saudi Arabia 2 - Maintain the solvency according to requirements of the control system of Cooperative Insurance Companies |
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: | 4/18/2009 |
Subscription End Date: | 4/27/2009 |
Allocation Date: | 5/2/2009 |
Distribution Date: | 5/2/2009 |
Listing Date: | 7/29/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Chubb INA International Holding Company Limited | 9.00 | 30.00 % | 311.85 |
Al Khereiji Investment Co. | 7.50 | 25.00 % | 259.88 |
International Corporation for Trade and Contract Services | 1.50 | 5.00 % | 51.98 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | SAB INVEST |
Financial Advisor: | SAB INVEST |
Legal Advisor: | Khaled Al-Thebeity Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Riyad Bank, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 454mn |
Subscription Percentage: | 1135% |
No. of Subscribers: | 852K |
Allocation: | The allocation rate was set at 4 shares per subscriber |
Chart - CHUBB Arabia Cooperative Insurance Co.
Share Performance
Last Price: | 34.65 |
Change: | (0.73) % |
Market Cap (M): | 1,026.00 |
Turnover: | 42,314,375.00 |
Transactions: | 3,745.00 |
Share Stats
First Day Open: | 30.32 |
First Day High: | 31.57 |
First Day Low: | 21.99 |
First Day Close: | 25.41 |
1st Day Change: | 662.60 % |
1st Month Change: | 460.00 % |
1st year Change: | 269.00 % |
Since listing: | 926.41 % |
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