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×Brief
Company Status: | Listed |
Business Activity: | The company is a provider of cooperative 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: | 42.86 % |
Offer Price (Riyal): | 6.13 |
Issue Volume (M Riyal): | 60.00 |
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 in: 1 - The completion of capital to finance operations and investments of the company 2 - Coverage of pre-operating expenses 3- Maintaining the solvency according to requirements of the Implementing Regulations of the 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: | 4/18/2009 |
Subscription End Date: | 4/27/2009 |
Allocation Date: | 5/2/2009 |
Distribution Date: | 5/2/2009 |
Listing Date: | 7/13/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al Rajhi Banking and Investment company | 35.00 | 35.00 % | 4,550.00 |
Advisors
Lead Manager: | Al Rajhi Capital Company |
Underwriter: | Al Rajhi Capital Company |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Sulaiman Bin Saleh Al Mohaimeed Attorney Legal Consulting |
Auditor: | Al Bassam Law Firm |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Banque Saudi Fransi |
IPO results
Proceeds: | SAR 539mn |
Subscription Percentage: | 898% |
No. of Subscribers: | 902K |
Allocation: | The allocation rate was set at 6 shares per subscriber |
Chart - Al-Rajhi Company for Cooperative Insurance
Share Performance
Last Price: | 130.00 |
Change: | (1.96) % |
Market Cap (M): | 13,000.00 |
Turnover: | 66,105,731.00 |
Transactions: | 3,337.00 |
Share Stats
First Day Open: | 20.34 |
First Day High: | 25.67 |
First Day Low: | 17.64 |
First Day Close: | 18.87 |
1st Day Change: | 207.80 % |
1st Month Change: | 249.76 % |
1st year Change: | 59.48 % |
Since listing: | 2,020.72 % |
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