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×Brief
Company Status: | Listed |
Business Activity: | The Company engaged in producing Polypropylene, with a production capacity of 500 thousand tons annually, from its complex in Al-Jubail. |
Current Capital: | 1,413.75 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Petrochemical Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 88.50 % |
Offer Price (Riyal): | 5.44 |
Issue Volume (M Riyal): | 663.75 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 25.00 Thousand Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | The Offer is only capable of acceptance by natural nationals of the Kingdom of Saudi Arabia |
Use of Proceeds: | The net proceeds of the offering will be used in funding the costs of the project |
Restrictions on Dealing in Shares: | Founding Shareholders may not dispose of any Shares (i) for a period of three years from the date the Company was incorporated as a joint stock company (being 1 October 2005G) or (ii) until the date on which commercial operations commence, whichever is the later. |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/25/2006 |
Subscription End Date: | 12/4/2006 |
Allocation Date: | 12/9/2006 |
Distribution Date: | 12/9/2006 |
Listing Date: | 1/20/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Polypropylene National Company Ltd. | 20.67 | 7.95 % | 854.70 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Riyad Bank, Samba Financial Group, The Saudi National Bank, Gulf International Bank BSC |
Financial Advisor: | Gulf International Bank BSC |
Legal Advisor: | Clifford Chance Co., Youssef Al-Jadaan & Partners Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 1.67bn |
Subscription Percentage: | 252% |
No. of Subscribers: | 3080K |
Allocation: | 22 shares were allocated per subscriber |
Chart - Advanced Petrochemical Co.
Share Performance
Last Price: | 41.35 |
Change: | (0.48) % |
Market Cap (M): | 10,738.00 |
Turnover: | 28,380,109.00 |
Transactions: | 3,102.00 |
Share Stats
First Day Open: | 10.06 |
First Day High: | 10.60 |
First Day Low: | 8.56 |
First Day Close: | 9.65 |
1st Day Change: | 77.43 % |
1st Month Change: | 105.00 % |
1st year Change: | 392.58 % |
Since listing: | 659.51 % |
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