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×Brief
Company Status: | Listed |
Business Activity: | The company provides cooperative insurance services in Saudi Arabia |
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): | 12.00 |
Issue Volume (M Riyal): | 240.00 |
Premium: | 2.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All holders of rights issue whether they are registered shareholders (on April 6, 2015) or purchased priority rights during the trading period. |
Use of Proceeds: | The net proceeds of the offering will be used to maintain the minimum required solvency margin. |
Restrictions on Dealing in Shares: | There is no restrictions. |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/5/2015 |
Subscription End Date: | 5/19/2015 |
Allocation Date: | 5/27/2015 |
Distribution Date: | 5/27/2015 |
Listing Date: | 5/31/2015 |
Advisors
Lead Manager: | AlJazira Capital Company |
Underwriter: | AlJazira Capital Company |
Financial Advisor: | AlJazira Capital Company |
Legal Advisor: | Meshal Al Aqeel Attorney & Consultation |
Auditor: | - |
Receiving Bank: | Bank Aljazira, The Saudi National Bank, Al Rajhi Bank, Banque Saudi Fransi, Riyad Bank, Saudi Awwal Bank |
IPO results
Proceeds: | SAR 230.1 mln |
Subscription Percentage: | 82% |
No. of Subscribers: | - |
Allocation: | One right per share for individuals. meanwhile, 3.7 mln shares were allocated to institutions at an average price of SAR 14.85 per share with 707% coverage rate |
Chart - Walaa Cooperative Insurance Co.
Share Performance
Last Price: | 30.10 |
Change: | 1.34 % |
Market Cap (M): | 2,568.51 |
Turnover: | 11,805,008.00 |
Transactions: | 951.00 |
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