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×Brief
Company Status: | Listed |
Business Activity: | The company produces and maintains electrical transformers and distribution stations. |
Current Capital: | 450.00 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: | 1.50 % |
Offer Price (Riyal): | 2.16 |
Issue Volume (M Riyal): | 729.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 6.75 Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 2.25 Million Shares |
Eligibility : | Saudi Citizens and Investment Funds |
Use of Proceeds: | The net proceeds amounting to SAR 709mn (after deducting the Offering expenses estimated at SAR 20mn), will be paid to the Selling Shareholders on a pro-rata basis according to the number of shares owned by each Selling Shareholder from the Offer Shares. The Company will not receive any part of the Offering proceeds |
Restrictions on Dealing in Shares: | Shareholders may not dispose of any of their shares for a period of 12 (twelve) months as of the date on which trading of the Company›s Offer Shares commences in the Exchange (Tadawul). After such lock-up period has elapsed, they may only dispose of their shares, after obtaining prior approval of the CMA thereon |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/11/2014 |
Subscription End Date: | 11/17/2014 |
Allocation Date: | 11/24/2014 |
Distribution Date: | 11/24/2014 |
Listing Date: | 12/7/2014 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Ajda Company for Industrial and Technical Services | 315.00 | 28.00 % | 1,442.70 |
Saad Abdullah Al Tuwaijri Sons Holding Co. | 256.61 | 22.81 % | 1,175.29 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Samba Capital and Investment Management Company |
Financial Advisor: | Samba Capital and Investment Management Company |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | Price Water House Coopers - Saudi Arabia, Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 1.9bn |
Subscription Percentage: | 522.7% |
No. of Subscribers: | 1740K |
Allocation: | 3 shares were allocated per subscriber |
Chart - Electrical Industries Co.
Share Performance
Last Price: | 4.58 |
Change: | 1.55 % |
Market Cap (M): | 5,163.75 |
Turnover: | 32,234,880.00 |
Transactions: | 4,232.00 |
Share Stats
First Day Open: | 2.37 |
First Day High: | 2.37 |
First Day Low: | 2.37 |
First Day Close: | 2.37 |
1st Day Change: | 9.75 % |
1st Month Change: | 2.36 % |
1st year Change: | (29.69 %) |
Since listing: | 112.50 % |
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