Sign In
×Brief
Company Status: | Listed |
Business Activity: | A real estate property investment, development and management company. The company builds and operates residential and commercial centers around Saudi Arabia, primarily in Riyadh. |
Current Capital: | 3,750.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Real Estate Development |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 56.25 % |
Offer Price (Riyal): | 11.80 |
Issue Volume (M Riyal): | 1,593.00 |
Premium: | 1.80 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: | _ Repaying credit facilities to Riyad Bank SAR 520.00 million, _ Repaying credit facilities to AlJazira Bank SAR 382.68 million, _ Financing the Gateway Project SAR 309.16 million, _ Financing the L’Avenir Al-Aqeeq Complex Project SAR 159.55 million, _ Financing the Al-Yamamah Compound Project in the Diplomatic Quarter SAR 152.47 million, _ Working Capital Support SAR 48.84 million, _ Offering Expenses SAR 20.30 million . |
Restrictions on Dealing in Shares: | There are no restrictions imposed on trading the Company’s shares, except for regulatory restrictions imposed on publicly listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 4/20/2022 |
The minimum & maximum offering price: | 5/30/2022 |
Subscription End Date: | 6/9/2022 |
Allocation Date: | 6/19/2022 |
Distribution Date: | 6/30/2022 |
Listing Date: | 6/23/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Public Investment Fund | 242.14 | 64.57 % | 5,327.03 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | khoshaim & associates Co. |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 1501.71 million |
Subscription Percentage: | 94.27% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Saudi Real Estate Co.
Share Performance
Last Price: | 22.00 |
Change: | (0.18) % |
Market Cap (M): | 8,235.00 |
Turnover: | 28,703,013.00 |
Transactions: | 1,922.00 |
Related News
Edaa deposits Al Akaria’s subscribed securities todayArgaam23/06/2022
Al Akaria says rump offering 1,238% oversubscribed Argaam20/06/2022
Al Akaria rights issue 94.27% subscribedArgaam12/06/2022
Al Akaria subscription to new shares ends todayArgaam Special09/06/2022
Al Akaria rights trading period ends todayArgaam Special06/06/2022
Al Akaria rights trading, new shares subscription commence todayArgaam Special30/05/2022
Edaa deposits Al Akaria's traded rightsArgaam23/05/2022
Al Akaria sets period for right issue, new shares subscriptionArgaam22/05/2022
Call Request