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×Brief
Company Status: | Unlisted |
Business Activity: | The company is a general contracting firm. |
Current Capital: | 425.00 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): | 36.57 |
Issue Volume (M Riyal): | 612.00 |
Premium: | 38.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | 7.45 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens and subscribed institutions |
Use of Proceeds: | The net proceeds from the IPO will be paid after deducting underwriting costs for the selling shareholders |
Restrictions on Dealing in Shares: | Founding shareholders may not dispose thier shares from the trading date till 30 June 2012 " Lock - up period " Following the expiry of the lock-in period the Founding Shareholders may only dispose of their Shares after obtaining the approval of the CMA |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 10/4/2010 |
Subscription End Date: | 10/10/2010 |
Allocation Date: | 10/17/2010 |
Distribution Date: | 10/17/2010 |
Listing Date: | 10/23/2010 |
Advisors
Lead Manager: | GIB Capital LLC |
Underwriter: | Riyad Capital , GIB Capital LLC |
Financial Advisor: | GIB Capital LLC |
Legal Advisor: | Mohanad Saud Al Rasheed Law Office |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank, Yaqeen Financial Company, Jadwa Investment Co., Middle East Financial Investment Company, Aldukheil Financial Group |
IPO results
Proceeds: | SAR 869.04mn |
Subscription Percentage: | 142% |
No. of Subscribers: | 342K |
Allocation: | 100% for individual subscribers |
Chart - Abdullah A. M. Al-Khodari Sons Company
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