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×Brief
Company Status: | Unlisted |
Business Activity: | The company offers 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): | 8.81 |
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 Only |
Use of Proceeds: | The net proceeds from the IPO will be used to finance the portfolio and the acquisition of certain assets to meet working capital requirements and to maintain solvency |
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: | 3/19/2012 |
Subscription End Date: | 3/25/2012 |
Allocation Date: | 4/1/2012 |
Distribution Date: | 4/1/2012 |
Listing Date: | 6/24/2012 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Tokyo Marine Co. and Nichdo Fire Insurance | 8.63 | 28.75 % | 106.09 |
Alinma Bank | 8.63 | 28.75 % | 106.09 |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | Alinma Investment Company |
Financial Advisor: | Alinma Investment Company |
Legal Advisor: | Hatem Abbas Ghazzawi & Co |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Arab National Bank, Riyad Bank, Samba Financial Group, Alinma Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 967.7mn |
Subscription Percentage: | 1612 % |
No. of Subscribers: | 1460K |
Allocation: | The allocation rate was set at 4 shares per subscriber |
Chart - Alinma Tokio Marine Co.
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