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×Brief
Company Status: | Listed |
Business Activity: | The company is the second provider of fixed line telephone services in Saudi Arabia. |
Current Capital: | 1,575.00 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: | 293.75 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 1,175.00 |
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 on record date (January 14, 2012) |
Use of Proceeds: | The company will use the net proceeds of the subscription to pay off most of the company's debt, payables to suppliers of equipment and services, and to finance branches expansions. Also SAR 155mn of the net proceeds will be used to pay for the networks' equipment, information technology and infrastructure that have been delivered to the company |
Restrictions on Dealing in Shares: | Founding Shareholders are restricted from disposing any of their Existing Shares; and the subscribed Rights Issue Shares for a period of six months from the allocation date. Following the expiry of this six month lock-in period the Founding Shareholders may only dispose their Shares after obtaining the CMA approval |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 3/24/2012 |
Subscription End Date: | 3/31/2012 |
Allocation Date: | 4/7/2012 |
Distribution Date: | 4/7/2012 |
Listing Date: | 4/7/2012 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Bahrain Telecommunications and Wireless | 5.10 | 15.00 % | 617.94 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Saudi Fransi Capital |
Financial Advisor: | Saudi Fransi Capital |
Legal Advisor: | Hourani & Associates , Meshal Al Aqeel Attorney & Consultation |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Riyad Bank, Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 1175mn |
Subscription Percentage: | 99.57% |
No. of Subscribers: | 14.67K |
Allocation: | Each eligible shareholder acquired all subscribed shares |
Chart - Etihad Atheeb Telecommunication Company
Share Performance
Last Price: | 121.20 |
Change: | (0.33) % |
Market Cap (M): | 4,146.78 |
Turnover: | 151,610,680.00 |
Transactions: | 6,149.00 |
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