Sign In
×Brief
Company Status: | Unlisted |
Business Activity: | The company operates Al waha project which produces Polypropylene. It also invests in various petrochemical projects. |
Current Capital: | 4,387.95 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: | 50.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 1,462.65 |
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 which are estimated to be SAR 1,412.65mn will be used principally to fund Sahara’s equity investments in existing projects, Sahara’s equity investments in new projects and the Company’s employee home ownership program |
Restrictions on Dealing in Shares: | - |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 12/6/2011 |
Subscription End Date: | 12/14/2011 |
Allocation Date: | 12/21/2011 |
Distribution Date: | 12/21/2011 |
Listing Date: | 12/21/2011 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi International Petrochemical Co. | 438.80 | 100.00 % | 7,661.36 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Saudi Fransi Capital |
Financial Advisor: | Saudi Fransi Capital |
Legal Advisor: | Freshfields Bruckhaus Deringer Co. |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 1.46bn |
Subscription Percentage: | 154% |
No. of Subscribers: | 13.96K |
Allocation: | Each eligible shareholder acquired the entire subscribed shares. Additional requested shares at a price of SAR 16 has been fully met, whereas additional requested shares at a price of SAR 14 has been partially met according to the percentage of ownership of each subscriber at this price . Requested shares at a price of SAR 12 & SAR 10 have not been allocated any additional shares, as the remaining additional shares have been allocated to cover subscriptions at higher prices. |
Chart - Sahara Petrochemical Co.
Call Request