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×Brief
Company Status: | Listed |
Business Activity: | The company is a provider of cooperative insurance and reinsurance services. |
Current Capital: | 400.00 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: | 100.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 200.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi Citizens. |
Use of Proceeds: | The net proceeds of the offering will be used in enhancing the company's slovency margin and financing future plans in order to support the company's growth via opening new branches in addition to purchasing land to build a headquarter. |
Restrictions on Dealing in Shares: | There is no restrictions. |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 3/17/2015 |
Subscription End Date: | 3/31/2015 |
Allocation Date: | 4/8/2015 |
Distribution Date: | 4/8/2015 |
Listing Date: | 4/12/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al Rajhi Banking and Investment company | 35.00 | 35.00 % | 4,676.00 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | Al Rajhi Capital Company |
Financial Advisor: | Aldukheil Financial Group |
Legal Advisor: | Mohammed Al-Ammar Law Office |
Auditor: | KPMG Al Fozan & Partners, Ernst & Young Professional Services Co, Al Bassam Law Firm |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Banque Saudi Fransi |
IPO results
Proceeds: | SAR 195.9mn |
Subscription Percentage: | 94.23% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Al-Rajhi Company for Cooperative Insurance
Share Performance
Last Price: | 133.60 |
Change: | 0.75 % |
Market Cap (M): | 13,360.00 |
Turnover: | 39,127,603.00 |
Transactions: | 1,686.00 |
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