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×Brief
Company Status: | Listed |
Business Activity: | The company provides integrated insurance services. |
Current Capital: | 250.00 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: | 150.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 150.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Shareholders that are listed on the company’s registry at the end of trading on the day of the extraordinary general assembly. |
Use of Proceeds: | Use the net proceeds of the IPO To enhance the solvency margin and to support future expansions. |
Restrictions on Dealing in Shares: | It prohibits the founding shareholders of the company to dispose of their shares only after obtaining the approval of the Arabian Monetary Agency and the Capital Market Authority |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 7/6/2015 |
Subscription End Date: | 7/28/2015 |
Allocation Date: | 8/4/2015 |
Distribution Date: | 8/16/2015 |
Listing Date: | 8/9/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Abdullah Muhammad Abdulaziz Al-Ruwait | 1.00 | 5.00 % | 35.50 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | Abdulaziz Alassaf & Partners Law Firm |
Auditor: | - |
Receiving Bank: | The Saudi National Bank, Samba Financial Group, Al Rajhi Bank, Riyad Bank, Banque Saudi Fransi |
IPO results
Proceeds: | 143 mln |
Subscription Percentage: | 92% |
No. of Subscribers: | - |
Allocation: | 1.5 right per share |
Chart - Salama Cooperative Insurance Co.
Share Performance
Last Price: | 35.50 |
Change: | (1.67) % |
Market Cap (M): | 706.00 |
Turnover: | 15,477,341.00 |
Transactions: | 958.00 |
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