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×Brief
Company Status: | Listed |
Business Activity: | Providing retail and corporate financing solutions. |
Current Capital: | 1,000.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Services |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 53.85 % |
Offer Price (Riyal): | 28.33 |
Issue Volume (M Riyal): | 1,190.00 |
Premium: | 24.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 300.00 Thousand Shares |
Available Shares (Institutions): | 31.50 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 5.00 Million Shares |
Eligibility : | _ Participating Parties: This category includes the parties entitled to participate in the book-building process, according to the rules of Capital Market Authority (CMA) . _ Individual Investors . |
Use of Proceeds: | The proceeds, after offering expenses of SAR 51 million, will be distributed on a pro-rata basis to selling shareholders. The company will not receive any share of these proceeds . |
Restrictions on Dealing in Shares: | Major shareholders (Falcom Holding Co., Saud Al Dosari and Abdulaziz Al Blehed) who own 5% or more of the issued shares currently will be subject to a six-month lock-up period, during which they will be banned from disposing of their shares, starting from the listing date on the Saudi Exchange (Tadawul) . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/7/2021 |
Subscription End Date: | 11/8/2021 |
Allocation Date: | 11/13/2021 |
Distribution Date: | 11/15/2021 |
Listing Date: | 11/22/2021 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Falcom Holding Company | 57.61 | 48.01 % | 812.33 |
Saud Howmel Farraj Al-Dossary | 6.13 | 5.11 % | 86.46 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | HSBC Saudi Arabia Co., Saudi Fransi Capital , GIB Capital LLC |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | The Law Office of Megren M. Al-Shaalan , White & Case LLP , Salman M. Al-Sudairi Law Office - Latham & Watkins LLP |
Auditor: | Price Water House Coopers - Saudi Arabia |
Receiving Bank: | Saudi Awwal Bank, The Saudi National Bank, Riyad Bank, Al Rajhi Bank |
IPO results
Proceeds: | SAR 2.5 bln |
Subscription Percentage: | 2095% |
No. of Subscribers: | 1 mln Subscriber |
Allocation: | 3 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around ( 0.6188% ) on average . |
Chart - Nayifat Finance Co.
Share Performance
Last Price: | 14.10 |
Change: | 0.28 % |
Market Cap (M): | 1,692.00 |
Turnover: | 1,522,613.00 |
Transactions: | 368.00 |
Share Stats
First Day Open: | 28.33 |
First Day High: | 30.50 |
First Day Low: | 28.12 |
First Day Close: | 29.37 |
1st Day Change: | 3.68 % |
1st Month Change: | (4.71 %) |
1st year Change: | (36.00 %) |
Since listing: | (50.23 %) |
Related News
Nayifat debuts on Tadawul today as seventh listing in 2021Argaam Special22/11/2021
Nayifat to begin trading on Tadawul on Nov. 22 Argaam18/11/2021
Retail subscription to Nayifat IPO starts todayArgaam Special07/11/2021
Nayifat IPO 136x covered, final offer price set at SAR 34/shareArgaam03/11/2021
Nayifat issues prospectus to float 35 mln sharesArgaam14/10/2021
CMA approves Nayifat Finance’s request to offer 35% of shares in IPO Argaam29/09/2021
Riyadh-based Nayifat Finance to proceed with IPO on TadawulArgaam17/06/2019
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