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×Brief
Company Status: | Unlisted |
Business Activity: | .The company provides cooperative insurance services in Saudi Arabia. |
Current Capital: | 320.00 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: | 220.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 220.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | All holders of Rights, whether they are Registered Shareholders (on July 1, 2014) or purchasers of Rights during the Trading period |
Use of Proceeds: | The net proceeds from the offering will used to finance future expansions while maintaining the minimum solvency requirements and the company’s capital as requested by the provisions of the Cooperative Insurance Companies Control Law |
Restrictions on Dealing in Shares: | The Company’s shares were listed in Tadawul on October 6, 2007 and the restriction period already elapsed and the shares are no longer under restriction |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 7/8/2014 |
Subscription End Date: | 7/22/2014 |
Allocation Date: | 8/10/2014 |
Distribution Date: | 8/10/2014 |
Listing Date: | 8/12/2014 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | SAB INVEST |
Financial Advisor: | SAB INVEST |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | Deloitte Touche Tohmatsu, Ernst & Young Professional Services Co, Al Bassam Law Firm |
Receiving Bank: | Arab National Bank, Bank Aljazira, Riyad Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 208.4mln |
Subscription Percentage: | 288% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Al-Ahlia Insurance Co.
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