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×Brief
Company Status: | Listed |
Business Activity: | The company provides integrated cooperative insurance services in Saudi Arabia. |
Current Capital: | 291.00 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: | 106.38 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 150.00 |
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 Shareholders . |
Use of Proceeds: | _ Financial investments SAR ( 124,500,000 ) & _ Statutory deposit SAR ( 22,500,000 ) & _ Offering costs SAR ( 3,000,000 ) . |
Restrictions on Dealing in Shares: | the founding shareholders must obtain the approval of the Saudi Central Bank and then the approval of the Capital Market Authority before disposing of their shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 1/3/2022 |
Subscription End Date: | 1/13/2022 |
Allocation Date: | 1/23/2022 |
Distribution Date: | 1/24/2022 |
Listing Date: | 1/27/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
alkhaleej worth holding co | 4.37 | 15.00 % | 84.07 |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | Yaqeen Financial Company |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | Mohammed AlDhabaan And Partners |
Auditor: | Al Bassam & Co, Al Azem & Al Sudairy CPA's and Consultants Co. , BDO Dr. Mohamed Al-Amri & Co. |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 133.30million |
Subscription Percentage: | 88.86 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - Allied Cooperative Insurance Group
Share Performance
Last Price: | 19.26 |
Change: | (2.74) % |
Market Cap (M): | 558.14 |
Turnover: | 13,368,767.00 |
Transactions: | 918.00 |
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