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×Brief
Company Status: | Listed |
Business Activity: | Providing all insurance services. |
Current Capital: | 241.94 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Private Offering |
Status: | Cancelled |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 61.27 % |
Offer Price (Riyal): | 8.53 |
Issue Volume (M Riyal): | 91.94 |
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: | Acquire all the shares of Al-Ahlia Insurance Co. through securities exchange. |
Restrictions on Dealing in Shares: | - |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | - |
Subscription End Date: | - |
Allocation Date: | - |
Distribution Date: | - |
Listing Date: | - |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
RAWABI HOLDING CO | 4.72 | 10.28 % | 112.40 |
Gulf Union Holding Company | 2.47 | 5.39 % | 58.93 |
Advisors
Lead Manager: | - |
Underwriter: | - |
Financial Advisor: | Saudi Kuwaiti Finance House Co., Al Wasatah Al Maliah Company |
Legal Advisor: | EK Partners Al-Enezee Legal Counsel, Shearman and Sterling LLP in Association with Dr. Sultan Al-Masoud and Partners Co. |
Auditor: | Baker Tilly Co., KPMG Al Fozan & Partners, Aldar Audit Bureau Abdullah Al Basri & Company |
Receiving Bank: | - |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Gulf Union Alahlia Cooperative Insurance Co.
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CMA approves Gulf Union capital hike request to acquire Al Ahlia Argaam31/12/2018
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