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×Brief
Company Status: | Listed |
Business Activity: | The company specializes in the manufacturing and marketing of cables, especially high-pressure cables. |
Current Capital: | 762.31 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Cancelled |
Exchange Market: | TASI |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 190.61 % |
Offer Price (Riyal): | 39.34 |
Issue Volume (M Riyal): | 500.00 |
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, _ New Investors . |
Use of Proceeds: | _ General Requirements SAR ( 1.61 ) million, _ Optimizing the control system and energy consumption SAR ( 2.18 ) million, _ Spare parts of equipment and machinery to cope with volume of targeted production SAR ( 7.52 ) million, _ Purchase of equipment for internal transport of inventory SAR ( 1.00 ) million, _ Spare parts for maintenance and production SAR ( 5.64 ) million, _ Development of system for electrical loads SAR ( 2.35 ) million, _ Existing obligations SAR ( 75.23 ) million, _ Working capital SAR ( 395.74 ) million, _ Offering Costs SAR ( 8.73 ) million . |
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: | 1/6/2022 |
The minimum & maximum offering price: | - |
Subscription End Date: | - |
Allocation Date: | - |
Distribution Date: | - |
Listing Date: | - |
Advisors
Lead Manager: | Yaqeen Financial Company |
Underwriter: | Yaqeen Financial Company, BLOMINVEST Saudi Arabia |
Financial Advisor: | Yaqeen Financial Company |
Legal Advisor: | Mohammed AlDhabaan And Partners |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. , Ernst & Young Professional Services Co |
Receiving Bank: | - |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Saudi Cable Co.
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