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×Brief
Company Status: | Unlisted |
Business Activity: | The company offers insurance and reinsurance services. |
Current Capital: | 450.000 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 125.000 % |
Offer Price (Riyal): | 10.000 |
Issue Volume (M Riyal): | 250.000 |
Premium: | 0.000 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All subscription rights from either registered shareholders or public institutional investors and individuals which they purchase subscription rights through trading period |
Use of Proceeds: | It will use the net proceeds of the IPO to raise rates and solvency margins for the company in order to meet the requirements of solvency and finance expansion plans |
Restrictions on Dealing in Shares: | Founders may not dispose of any of their shares during a period of full three (3) years which not less than 12 month from the foundation date. At the end of the lock-in period of three (3) years, the aforementioned shareholders may dispose of their shares on the condition that they obtain SAMA’s prior approval |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 8/11/2015 |
Subscription End Date: | 8/25/2015 |
Allocation Date: | 9/2/2015 |
Distribution Date: | 9/9/2015 |
Listing Date: | 9/6/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Tokyo Marine Co. and Nichdo Fire Insurance | 8.625 | 28.75 % | 106.088 |
Alinma Bank | 8.625 | 28.75 % | 106.088 |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | Alinma Investment Company, Saudi Kuwaiti Finance House Co. |
Financial Advisor: | Saudi Kuwaiti Finance House Co. |
Legal Advisor: | Al Anezi Law Firm in collaboration with Bin Shabib & Associates |
Auditor: | KPMG Al Fozan & Partners, Price Water House Coopers - Saudi Arabia |
Receiving Bank: | Alinma Bank, Samba Financial Group, Riyad Bank |
IPO results
Proceeds: | 247.1mln |
Subscription Percentage: | 92.8 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - Alinma Tokio Marine Co.
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