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×Brief
Company Status: | Listed |
Business Activity: | The company provides 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 : | All holders of rights issue whether they are registered shareholders (on April 7, 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: | 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 |
---|---|---|---|
Alarabia almasia holding co | 10.18 | 19.20 % | 162.82 |
Jordan Insurance Company | 4.87 | 9.19 % | 77.93 |
Arab Company for Supply and Trading | 3.30 | 6.23 % | 52.83 |
Advisors
Lead Manager: | AlJazira Capital Company |
Underwriter: | AlJazira Capital Company |
Financial Advisor: | AlJazira Capital Company |
Legal Advisor: | Mohammed Al-Ammar Law Office |
Auditor: | - |
Receiving Bank: | Bank Aljazira, Samba Financial Group, Riyad Bank, The Saudi National Bank, Arab National Bank |
IPO results
Proceeds: | SAR 192 mln |
Subscription Percentage: | 82.7% |
No. of Subscribers: | - |
Allocation: | One right for each one share |
Chart - Arabia Insurance Cooperative Company
Share Performance
Last Price: | 16.00 |
Change: | (1.11) % |
Market Cap (M): | 850.12 |
Turnover: | 14,095,085.00 |
Transactions: | 1,340.00 |
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