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×Brief
Company Status: | Listed |
Business Activity: | The company owns and manages Palm Beach Resort located near Al Khobar. |
Current Capital: | 578.24 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Hotels & Tourism |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 50.00 % |
Offer Price (Riyal): | 0.50 |
Issue Volume (M Riyal): | 525.67 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered Shareholders and New Investors . |
Use of Proceeds: | _ Acquisition of four- and five-star hotels ( SAR 505.37 million ), _ Offering expenses ( SAR 20.30 million ) . |
Restrictions on Dealing in Shares: | There are no restrictions on trading Company shares, except for the regulatory restrictions on generally-listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 10/20/2022 |
The minimum & maximum offering price: | 11/27/2022 |
Subscription End Date: | 12/7/2022 |
Allocation Date: | 12/14/2022 |
Distribution Date: | 1/16/2023 |
Listing Date: | 12/20/2022 |
Advisors
Lead Manager: | Al-Nefaie Investment Group |
Underwriter: | Al Wasatah Al Maliah Company, Nomw Capital Company |
Financial Advisor: | Al Wasatah Al Maliah Company |
Legal Advisor: | Al Saleh & Al Sahli Law Firm |
Auditor: | Al Bassam & Co |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 451.85 million |
Subscription Percentage: | 85.96% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Tourism Enterprise Co.
Share Performance
Last Price: | 0.89 |
Change: | 0.00 % |
Market Cap (M): | 1,017.69 |
Turnover: | 12,027,303.00 |
Transactions: | 1,649.00 |
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