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×Brief
Company Status: | Listed |
Business Activity: | The company specializes in commercial advertising, public relations and marketing. It also operates Tihama bookstores in Saudi Arabia. |
Current Capital: | 400.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Media and Publishing |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 700.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 350.00 |
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 investors . |
Use of Proceeds: | _ Support of working capital (SAR 12.85 million), _ Investments, acquisition of shares and partnerships (SAR 154 million), _ Expansion and restructuring of retail sector (SAR 33.58 million), _ Expansion in education sector (SAR 15.97 million), _ Expansion in production sector (SAR 7.99 million), _ Expansion and promotion of media networks (SAR 17.45 million), _ Payment of dues under final court judgments (SAR 28.45 million), _ Settlement of obligations to financing entities (SAR 20.91 million), _ Settlement of due obligations to governmental entities (SAR 31.81 million), _ Offering Costs (SAR 26.99 million) . |
Restrictions on Dealing in Shares: | There are no restrictions on trading Company shares, except for the regulatory restrictions on generally-listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 10/5/2022 |
The minimum & maximum offering price: | 4/6/2023 |
Subscription End Date: | 4/25/2023 |
Allocation Date: | 5/8/2023 |
Distribution Date: | 5/22/2023 |
Listing Date: | 5/8/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Noghaimech Fahad Abdelhaddi Alaadjami | 3.41 | 8.52 % | 54.87 |
Jamal Hamad Al Sagheer Investment Company | 3.00 | 7.50 % | 48.30 |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | Alinma Investment Company |
Financial Advisor: | Alinma Investment Company |
Legal Advisor: | Mohammed AlDhabaan And Partners |
Auditor: | Al Kharashi & Company Certified Accountants and Auditors |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 293.92 million |
Subscription Percentage: | 83.98% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Tihama Advertising and Public Relations Co.
Share Performance
Last Price: | 16.10 |
Change: | (0.25) % |
Market Cap (M): | 641.60 |
Turnover: | 7,068,232.00 |
Transactions: | 749.00 |
Related News
Tihama says rump offering 883.7% oversubscribedArgaam04/05/2023
Tihama says rights issue 83.98% subscribedArgaam26/04/2023
Tihama rights subscription period ends todayArgaam Special25/04/2023
Tihama rights issue ends today Argaam Special13/04/2023
Tihama begins rights trading, new shares subscription todayArgaam Special06/04/2023
Edaa deposits Tihama’s traded rights into shareholder portfoliosArgaam05/04/2023
Tihama sets period for rights issue, new shares subscriptionArgaam04/04/2023
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