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×Brief
Company Status: | Listed |
Business Activity: | The company is a manufacturer of ABS Kraft, high-performance fluting, among other paper products. It is a retail and wholesale seller of paper, paper products and stationary. |
Current Capital: | 500.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 22.50 |
Issue Volume (M Riyal): | 450.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 9.00 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 2.50 Million Shares |
Eligibility : | Saudi citizens and subscribed institutions |
Use of Proceeds: | The net proceeds of the IPO are to be distributed to selling shareholders on a prorata basis |
Restrictions on Dealing in Shares: | Founding Shareholders may not dispose of any of their shares during a period of twelve (12) months from the date on which the Subscription Shares began trading on the Tadawul. At the end of the lock-in period of twelve (12) months, the aforementioned shareholders may dispose of their shares on the condition that they obtain the CMA’s prior approval |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 4/8/2015 |
Subscription End Date: | 4/14/2015 |
Allocation Date: | 4/21/2015 |
Distribution Date: | 4/21/2015 |
Listing Date: | 5/3/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Public Investment Fund | 20.00 | 23.08 % | 824.14 |
Abdulqader Al Muhaidib & Sons Co. | 8.96 | 10.34 % | 369.22 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Riyad Capital |
Financial Advisor: | Riyad Capital |
Legal Advisor: | Looaye M. Al-Akkas Lawyers - Vinson & Elkins |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Riyad Bank, Arab National Bank, Saudi Awwal Bank, The Saudi National Bank, Samba Financial Group, Al Rajhi Bank |
IPO results
Proceeds: | SAR 851.4 mln |
Subscription Percentage: | 473 % |
No. of Subscribers: | 1340K |
Allocation: | 4 shares were allocated per subscriber. |
Chart - Middle East Paper Co.
Share Performance
Last Price: | 41.20 |
Change: | (2.15) % |
Market Cap (M): | 3,553.47 |
Turnover: | 10,102,471.00 |
Transactions: | 886.00 |
Share Stats
First Day Open: | 24.75 |
First Day High: | 24.75 |
First Day Low: | 24.75 |
First Day Close: | 24.75 |
1st Day Change: | 10.00 % |
1st Month Change: | 54.77 % |
1st year Change: | (33.80 %) |
Since listing: | 82.22 % |
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