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×Brief
Company Status: | Unlisted |
Business Activity: | The company provides Takaful services and general Takaful products. |
Current Capital: | 340.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 240.00 % |
Offer Price (Riyal): | 12.50 |
Issue Volume (M Riyal): | 300.00 |
Premium: | 2.50 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered holders of Shares as at the close of trading on the EGM date August 8, 2009 |
Use of Proceeds: | The net proceeds from the IPO will be used to finance the growth plans of insurance products, provide current and new product development and the overall growth of the company |
Restrictions on Dealing in Shares: | - |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 8/15/2009 |
Subscription End Date: | 8/26/2009 |
Allocation Date: | 9/2/2009 |
Distribution Date: | 9/2/2009 |
Listing Date: | 9/7/2009 |
Advisors
Lead Manager: | Aldukheil Financial Group |
Underwriter: | SAB INVEST |
Financial Advisor: | Aldukheil Financial Group |
Legal Advisor: | Meshal Al Aqeel Attorney & Consultation |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Bank Aljazira, Saudi Awwal Bank, Samba Financial Group, The Saudi National Bank |
IPO results
Proceeds: | SAR 343.5mn |
Subscription Percentage: | 114.5% |
No. of Subscribers: | - |
Allocation: | The allocation rate was set at 12 shares per each 5 existing shares |
Chart - SABB Takaful Co.
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