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×Brief
Company Status: | Listed |
Business Activity: | Etihad Etisalat Co. (MOBILY) is the second mobile operator in Saudi Arabia. |
Current Capital: | 7,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Telecom & IT |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 40.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 2,000.00 |
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 by the end of the trading session of October 19, 2008 |
Use of Proceeds: | The net proceeds of the IPO will be used to finance the company's general operations and its various investments |
Restrictions on Dealing in Shares: | - |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 10/27/2008 |
Subscription End Date: | 11/9/2008 |
Allocation Date: | 11/18/2008 |
Distribution Date: | 11/18/2008 |
Listing Date: | 11/18/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Emirates Telecommunications Corporation (Etisalat) | 215.52 | 27.99 % | 11,336.51 |
Advisors
Lead Manager: | Riyad Capital |
Underwriter: | Morgan Stanley Saudi Arabia Co. |
Financial Advisor: | Morgan Stanley Saudi Arabia Co. |
Legal Advisor: | White & Case LLP |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 4.6bn |
Subscription Percentage: | 230 % |
No. of Subscribers: | - |
Allocation: | The allocation rate was set at 2 shares for every 5 shares, while the available additional shares were allocated at a price of SAR 28 per share |
Chart - Etihad Etisalat Co.
Share Performance
Last Price: | 52.60 |
Change: | (1.14) % |
Market Cap (M): | 40,194.00 |
Turnover: | 33,162,921.00 |
Transactions: | 2,035.00 |
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