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×Brief
Company Status: | Listed |
Business Activity: | Offering drilling services through onshore rigs and offshore rigs to explore oil and gas. |
Current Capital: | 890.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Energy & Utilities |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 100.00 |
Issue Volume (M Riyal): | 2,670.00 |
Premium: | 90.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 24.03 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 4.45 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Offering Proceeds amounting to approximately SAR 2593.00 million (after deducting the Offering expenses estimated at SAR 77.00 million ), will be distributed as follows: 1_ ( SAR 1718.96 million ) will be distributed to the Selling Shareholders on a pro-rata basis based on each Selling Shareholder’s percentage ownership in the Sale Shares being sold in the Offering . 2_ ( SAR 874.04 million ) will be distributed to the Company for the general objectives of the Company . |
Restrictions on Dealing in Shares: | The Substantial Shareholders, will be subject to a Lock-up Period of 6 months starting from the commencement of trading of the Shares on the Saudi Stock Exchange, during which the Substantial Shareholder shall be prohibited from disposing of its Shares. Following the Lock-up Period, the Substantial Shareholders will be free to dispose of their Shares with no prior permission from CMA . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 6/29/2022 |
The minimum & maximum offering price: | 10/18/2022 |
Subscription End Date: | 10/19/2022 |
Allocation Date: | 10/25/2022 |
Distribution Date: | 10/27/2022 |
Listing Date: | 11/7/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Manufacturing and Energy Services Corporation | 31.77 | 35.70 % | 4,829.50 |
SERVICES PETROLIERS SCHLUMBERGER | 30.53 | 34.30 % | 4,640.10 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | HSBC Saudi Arabia Co., SNB Capital Company, Goldman Sachs Saudi Arabia Co. |
Financial Advisor: | HSBC Saudi Arabia Co., SNB Capital Company, Goldman Sachs Saudi Arabia Co. |
Legal Advisor: | Abdulaziz Al Ajlan Office , Baker & McKenzie Limited, Sullivan & Cromwell LLP |
Auditor: | Price Water House Coopers - Saudi Arabia |
Receiving Bank: | The Saudi National Bank, Al Rajhi Bank, Riyad Bank |
IPO results
Proceeds: | SAR 2179.934 million |
Subscription Percentage: | 816.45% |
No. of Subscribers: | 497.172 thousand subscribers |
Allocation: | 5 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around 0.9534% on average . |
Chart - Arabian Drilling Co.
Share Performance
Last Price: | 152.00 |
Change: | (0.91) % |
Market Cap (M): | 13,528.00 |
Turnover: | 22,242,364.00 |
Transactions: | 1,689.00 |
Share Stats
First Day Open: | 110.00 |
First Day High: | 123.00 |
First Day Low: | 110.00 |
First Day Close: | 123.00 |
1st Day Change: | 23.00 % |
1st Month Change: | 11.80 % |
1st year Change: | 78.80 % |
Since listing: | 52.00 % |
Related News
Arabian Drilling shares debut on Tadawul todayArgaam Special07/11/2022
Arabian Drilling to begin trading on Tadawul on Nov. 7Argaam03/11/2022
Retail subscription for Arabian Drilling’s IPO starts todayArgaam Special18/10/2022
Arabian Drilling sets final offer price at SAR 100/share Argaam12/10/2022
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