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×Brief
Company Status: | Listed |
Business Activity: | Investing in the petrochemical industries. |
Current Capital: | 4,500.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Petrochemical Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 100.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 2,250.00 |
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: | The net proceeds of the IPO will be used to finance part of the company's stake in its project Saudi Polymers Company (SPC). The project is estimated to cost more than SAR 18bn |
Restrictions on Dealing in Shares: | - |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 2/23/2008 |
Subscription End Date: | 3/5/2008 |
Allocation Date: | 3/11/2008 |
Distribution Date: | 3/11/2008 |
Listing Date: | 3/11/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
General Organization for Social Insurance | 140.24 | 18.58 % | 3,133.00 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Samba Capital and Investment Management Company |
Financial Advisor: | Samba Capital and Investment Management Company |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. |
Receiving Bank: | Riyad Bank, Saudi Awwal Bank, Samba Financial Group, The Saudi National Bank |
IPO results
Proceeds: | SAR 3.443bn |
Subscription Percentage: | 153% |
No. of Subscribers: | 12.1K |
Allocation: | One share has been allocated for each share of eligible shareholders who subscribed in the rights issue |
Chart - Saudi Industrial Investment Group
Share Performance
Last Price: | 22.34 |
Change: | 0.99 % |
Market Cap (M): | 16,892.42 |
Turnover: | 15,345,598.00 |
Transactions: | 2,439.00 |
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