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×Brief
Company Status: | IPO |
Business Activity: | Establishing, managing and operating mega malls. |
Current Capital: | 1,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Cancelled |
Exchange Market: | TASI |
Sector: | Not included |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | - |
Issue Volume (M Riyal): | - |
Premium: | - |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 27.00 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 5.00 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds after deducting the Offering expenses will be paid to the Selling Shareholders on a pro-rata basis according to the number of Offer Shares owned by each Selling Shareholder, The Company will not receive any part of the Offering proceeds . |
Restrictions on Dealing in Shares: | The Substantial Shareholders are subject to a Lock-up Period of 6 months from the date on which trading of the Offer Shares commences on the Exchange, and they may not dispose of their shares during this period . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/16/2022 |
The minimum & maximum offering price: | 6/8/2022 |
Subscription End Date: | - |
Allocation Date: | 6/22/2022 |
Distribution Date: | 6/22/2022 |
Listing Date: | - |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al Othaim Holding Company | 74.00 | 74.00 % | - |
Abdullah Saleh Ali Al-Othaim | 26.00 | 26.00 % | - |
Advisors
Lead Manager: | GIB Capital LLC |
Underwriter: | GIB Capital LLC, Alinma Investment Company |
Financial Advisor: | GIB Capital LLC |
Legal Advisor: | Salman M. Al-Sudairi Law Office - Latham & Watkins LLP |
Auditor: | Baker Tilly Co., BDO Dr. Mohamed Al-Amri & Co., Ernst & Young Professional Services Co |
Receiving Bank: | The Saudi National Bank, Riyad Bank, Saudi Awwal Bank, Banque Saudi Fransi, Gulf International Bank BSC, Alinma Bank |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Al Othaim Investment Co.
Related News
Al Othaim says Abdullah Al Othaim Investment cancels IPO Argaam03/07/2022
Al Othaim Investment to reschedule IPO roadshowArgaam26/05/2022
Al Othaim Investment issues prospectus for 30% IPO on TadawulArgaam18/05/2022
Al Othaim board approves sale of 13.65 mln shares in Abdullah Al Othaim Investment via IPO Argaam17/03/2022
Othaim Malls said to mull IPO: sourcesArgaam22/07/2020
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