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×Brief
Company Status: | Unlisted |
Business Activity: | The company operates Al waha project which produces Polypropylene. It also invests in various petrochemical projects. |
Current Capital: | 2,925.30 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: | 56.02 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 1,050.30 |
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 Offering will be used in its investments in new projects, investments in shared services, employee home ownership program and payment of commission on financing facilities |
Restrictions on Dealing in Shares: | - |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 8/29/2009 |
Subscription End Date: | 9/7/2009 |
Allocation Date: | 9/12/2009 |
Distribution Date: | 9/12/2009 |
Listing Date: | 9/12/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi International Petrochemical Co. | 438.80 | 100.00 % | 7,661.36 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | SAB INVEST |
Financial Advisor: | SAB INVEST |
Legal Advisor: | Freshfields Bruckhaus Deringer Co., The Law Firm of Salah Al-Hejailan |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 1.3bn |
Subscription Percentage: | 123.88% |
No. of Subscribers: | 13K |
Allocation: | Each Eligible Shareholder was entitled to subscribe for the Rights Issue on the basis of one new share for every 1.7852 existing shares he/she holds on the record date |
Chart - Sahara Petrochemical Co.
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