Sign In
×Brief
Company Status: | Listed |
Business Activity: | The company provides cooperative insurance services in Saudi Arabia. |
Current Capital: | 500.00 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: | 150.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 300.00 |
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: | Supporting the expansion of the company’s activity, investments and financial deposits of 262.5 million riyals, an increase in the statutory deposit of 30 million riyals, offering expenses of 6 million riyals, modernization of the headquarters offices and electronic systems of 1.5 million riyals. |
Restrictions on Dealing in Shares: | - |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/25/2021 |
The minimum & maximum offering price: | 7/5/2021 |
Subscription End Date: | 7/15/2021 |
Allocation Date: | 8/1/2021 |
Distribution Date: | 8/12/2021 |
Listing Date: | 8/5/2021 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Trading Co. for Marketing Services & Agencies | 1.80 | 6.00 % | 24.41 |
Saudi General Investments and Services Company | 1.80 | 6.00 % | 24.41 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | Yaqeen Financial Company, BLOMINVEST Saudi Arabia |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | Al Saleh & Al Sahli Law Firm |
Auditor: | Al Sayed Al Awaeti & co., Al Bassam & Co, Al Fowzan & Banaga KPMG, Ahmed Tayseer Ibrahim & Partners Co. |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 217.16 mln |
Subscription Percentage: | 72.39 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - Gulf General Cooperative Insurance Co.
Share Performance
Last Price: | 13.56 |
Change: | 0.29 % |
Market Cap (M): | 411.00 |
Turnover: | 11,401,541.00 |
Transactions: | 951.00 |
Related News
Gulf General to refund SAR 57.59 mln to eligible rights holdersArgaam12/08/2021
Edaa deposits Gulf General subscribed securities into shareholders’ portfolios todayArgaam05/08/2021
Gulf General rights issue remaining shares 425.9% oversubscribedArgaam01/08/2021
Gulf General rights issue 72.39% subscribedArgaam25/07/2021
Gulf General rights subscription period ends todayArgaam15/07/2021
Gulf General rights trading period ends todayArgaam12/07/2021
Gulf General rights trading, subscription period begins today Argaam05/07/2021
Edaa deposits Gulf General’s tradable rights todayArgaam01/07/2021
Call Request