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×Brief
Company Status: | Unlisted |
Business Activity: | The company provides integrated insurance services. |
Current Capital: | 166.67 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: | 66.67 % |
Offer Price (Riyal): | 12.00 |
Issue Volume (M Riyal): | 80.00 |
Premium: | 2.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered shareholders as of the close of trading on the EGM date on November 19, 2011 |
Use of Proceeds: | The company intends to use proceeds from the IPO to finance the company's future plans to support the growth, and development of its current and new insurance products. To satisfy creditworthiness |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose any of their shares before three years "Lock Up Period" from the establishment date . After the shares restrictions are elapsed, the Founding shareholders may only dispose their shares after obtaining CMA's approval |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/26/2011 |
Subscription End Date: | 12/4/2011 |
Allocation Date: | 12/12/2011 |
Distribution Date: | 12/12/2011 |
Listing Date: | 12/12/2011 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
National Commercial Bank | 5.00 | 29.99 % | 169.94 |
Advisors
Lead Manager: | Aldukheil Financial Group |
Underwriter: | AlJazira Capital Company |
Financial Advisor: | Aldukheil Financial Group |
Legal Advisor: | Mohammed Al-Ammar Law Office |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Bank Aljazira, Riyad Bank, Saudi Awwal Bank, Samba Financial Group, The Saudi National Bank, Jadwa Investment Co., Aldukheil Financial Group |
IPO results
Proceeds: | SAR 80mn |
Subscription Percentage: | 187% |
No. of Subscribers: | - |
Allocation: | Each eligible shareholder acquired the full subscribed rights shares |
Chart - Alahli Takaful Co.
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