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×Brief
Company Status: | Listed |
Business Activity: | The company provides general and medical insurance services. |
Current Capital: | 250.00 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: | 92.31 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 120.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Shareholders registered on the date of Extraordinary General Assembly (April 1,2015). |
Use of Proceeds: | The net proceeds from the Offering will be used to maintain solvency margins as per the regulations |
Restrictions on Dealing in Shares: | No restrictions |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 4/7/2015 |
Subscription End Date: | 4/21/2015 |
Allocation Date: | 4/29/2015 |
Distribution Date: | 5/6/2015 |
Listing Date: | 4/5/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Gulf Insurance Co. | 8.55 | 28.50 % | 197.33 |
Yasser Y. Nagi | 3.45 | 11.50 % | 79.63 |
Gulf Medical Co. Ltd. | 1.50 | 5.00 % | 34.62 |
Yousuf M. A. Naghi Co. | 1.50 | 5.00 % | 34.62 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | Yaqeen Financial Company |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | Abdulaziz Alassaf & Partners Law Firm |
Auditor: | Ernst & Young Professional Services Co, Al Bassam Law Firm, Al Bassam & Co |
Receiving Bank: | Riyad Bank, Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank, Yaqeen Financial Company |
IPO results
Proceeds: | SAR 115.2 mln |
Subscription Percentage: | 93.6% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Buruj Cooperative Insurance Co.
Share Performance
Last Price: | 23.08 |
Change: | (1.79) % |
Market Cap (M): | 689.40 |
Turnover: | 4,660,375.00 |
Transactions: | 589.00 |
Related News
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Buruj uses rights issue proceeds to boost solvency marginArgaam18/10/2015
Buruj Insurance launches SAR 120 mln rights issue Argaam07/04/2015
Buruj Insurance to launch SAR 120 mln rights issue Argaam02/04/2015
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