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×Brief
Company Status: | Unlisted |
Business Activity: | The company specializes in the construction and maintenance of oil, gas and petrochemical facilities, where it executes civil, structural, mechanical and electrical works. |
Current Capital: | 1,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 56.00 |
Issue Volume (M Riyal): | 2,100.00 |
Premium: | 60.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 500.00 Thousand Shares |
Available Shares (Institutions): | 9.00 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | - |
Eligibility : | - |
Use of Proceeds: | The net proceeds from the IPO will be distributed to the selling shareholder Mohammed Hamad Al-Mojil after deducting underwriting expenses of SAR 74mn |
Restrictions on Dealing in Shares: | Founding shareholders may not dispose thier shares for a period of six months from the trading date. Following the expiry of this six month lock-in period the Founding Shareholders may only dispose their Shares after obtaining the approval of the CMA |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/3/2008 |
Subscription End Date: | 5/12/2008 |
Allocation Date: | 5/18/2008 |
Distribution Date: | 5/18/2008 |
Listing Date: | 5/26/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Mohamed Hamad Abdel Kariem Al Mojil | 62.50 | 50.00 % | - |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | HSBC Bank |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | White & Case LLP |
Auditor: | - |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 2.9bn |
Subscription Percentage: | 197% |
No. of Subscribers: | 2800K |
Allocation: | The allocation rate was set at 7 shares per individual subscriber |
Chart - Mohammad Al Mojil Group Company
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