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×Brief
Company Status: | Unlisted |
Business Activity: | The company provides integrated insurance services |
Current Capital: | 205.000 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: | 105.000 % |
Offer Price (Riyal): | 10.000 |
Issue Volume (M Riyal): | 105.000 |
Premium: | 0.000 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | The Company’s shareholders registered in the shareholders’ record by the end of the Trading Period on the day of the Extraordinary General Assembly on April 8, 2015 |
Use of Proceeds: | The net proceeds from the offering will be used in the Company’s business while maintaining the solvency margin required and the minimum capital in accordance with the requirements of the Implementing Regulations of the Cooperative Insurance Companies Control |
Restrictions on Dealing in Shares: | No restrictions |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 4/14/2015 |
Subscription End Date: | 4/28/2015 |
Allocation Date: | 5/6/2015 |
Distribution Date: | 5/6/2015 |
Listing Date: | 5/10/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
New India Insurance Company , LTD. | 0.517 | 5.17 % | 4.912 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | Yaqeen Financial Company |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | Abdulaziz Alassaf & Partners Law Firm |
Auditor: | KPMG Al Fozan & Partners, Saad Saleh Sabti Office |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Yaqeen Financial Company |
IPO results
Proceeds: | SAR 101.1 mln |
Subscription Percentage: | 54.59 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - Saudi Indian Company for Cooperative Insurance
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