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×Brief
Company Status: | Listed |
Business Activity: | The company provides insurance and reinsurance services. |
Current Capital: | 1,050.00 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: | 50.00 % |
Offer Price (Riyal): | 12.00 |
Issue Volume (M Riyal): | 420.00 |
Premium: | 2.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All shareholders of Rights Issue, whether Registered Shareholders or New Shareholders. ("Eligible persons") . |
Use of Proceeds: | _ Expected investments of the Company SAR ( 377,000,000 ) & _ Increasing the statutory deposit with respect to the requirements of the Saudi Central Bank SAR(36,000,000)& _ Offering expenses SAR ( 7,000,000 ) . |
Restrictions on Dealing in Shares: | There are no restrictions on the trading of the Company’s shares except for the regulatory restrictions imposed on the shares listed in general . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/15/2021 |
Subscription End Date: | 11/25/2021 |
Allocation Date: | 12/5/2021 |
Distribution Date: | 12/16/2021 |
Listing Date: | 12/9/2021 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Investment Bank | 19.95 | 19.00 % | 536.66 |
Rakan Abdullah Rashid Abunayan | 12.65 | 12.05 % | 340.35 |
Mediterranean & Gulf Insurance Co. | 11.99 | 11.42 % | 322.56 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. , Al Bassam & Co, Rubaian and Shaath legal accountants, Al Kharashi & Company Certified Accountants and Auditors |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 345.03 mln |
Subscription Percentage: | 82.15 % |
No. of Subscribers: | - |
Allocation: | - |
Chart - The Mediterranean and Gulf Insurance and Reinsurance Co.
Share Performance
Last Price: | 26.90 |
Change: | (2.55) % |
Market Cap (M): | 2,803.50 |
Turnover: | 17,166,043.00 |
Transactions: | 1,472.00 |
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