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×Brief
Company Status: | Listed |
Business Activity: | The company provides all insurance services |
Current Capital: | 200.00 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): | 100.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All subscription rights from either registered shareholders or public institutional investors and individuals which they purchase subscription rights through trading period |
Use of Proceeds: | The net proceeds of the offering will be used to maintain the minimum required solvency margin and support the company’s future investments. |
Restrictions on Dealing in Shares: | - |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 8/9/2016 |
Subscription End Date: | 8/23/2016 |
Allocation Date: | 8/31/2016 |
Distribution Date: | 9/5/2016 |
Listing Date: | 9/1/2016 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Ibrahim Al Juffali & Bros. Co. | 11.95 | 29.88 % | 352.58 |
Saudi National Insurance Co. | 4.50 | 11.25 % | 132.75 |
Advisors
Lead Manager: | ANB Capital |
Underwriter: | ANB Capital, SAB INVEST |
Financial Advisor: | ANB Capital |
Legal Advisor: | Hourani & Associates , Meshal Al Aqeel Attorney & Consultation |
Auditor: | Deloitte Touche Tohmatsu, Price Water House Coopers - Saudi Arabia, Ernst & Young Professional Services Co |
Receiving Bank: | Arab National Bank, The Saudi National Bank, Riyad Bank, Alawwal Bank |
IPO results
Proceeds: | SAR 93.69 mln |
Subscription Percentage: | %93.69 |
No. of Subscribers: | - |
Allocation: | - |
Chart - Wataniya Insurance Co.
Share Performance
Last Price: | 29.50 |
Change: | 1.54 % |
Market Cap (M): | 1,190.00 |
Turnover: | 14,605,992.00 |
Transactions: | 1,059.00 |
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