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×Brief
Company Status: | Listed |
Business Activity: | The company provides insurance and reinsurance services. |
Current Capital: | 800.00 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): | 400.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | - |
Use of Proceeds: | Enhancing the solvency margins and supporting the company's future activity. |
Restrictions on Dealing in Shares: | There are no restrictions on the shareholders' subscription to the new priority rights shares. |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 9/17/2018 |
Subscription End Date: | 9/30/2018 |
Allocation Date: | - |
Distribution Date: | - |
Listing Date: | 10/21/2018 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Investment Bank | 19.95 | 19.00 % | 562.59 |
Rakan Abdullah Rashid Abunayan | 12.65 | 12.05 % | 356.80 |
Mediterranean & Gulf Insurance Co. | 11.99 | 11.42 % | 338.15 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Saudi Fransi Capital |
Financial Advisor: | Saudi Fransi Capital |
Legal Advisor: | Baker & McKenzie Limited, Abdulaziz Al Ajlan Office |
Auditor: | Aldar Audit Bureau Abdullah Al Basri & Company, Price Water House Coopers - Saudi Arabia |
Receiving Bank: | - |
IPO results
Proceeds: | 349.41 million |
Subscription Percentage: | 87.35% |
No. of Subscribers: | - |
Allocation: | - |
Chart - The Mediterranean and Gulf Insurance and Reinsurance Co.
Share Performance
Last Price: | 28.20 |
Change: | 1.25 % |
Market Cap (M): | 2,976.75 |
Turnover: | 36,277,651.00 |
Transactions: | 2,256.00 |
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