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×Brief
Company Status: | Listed |
Business Activity: | The company is a provider of insurance services. |
Current Capital: | 490.00 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: | 75.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 210.00 |
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 issue whether they are registered shareholders (on February 18, 2015) or purchased priority rights during the trading period |
Use of Proceeds: | The net proceeds of the offering will be used to maintain the minimum required solvency margin and support the company’s future expansions |
Restrictions on Dealing in Shares: | There is no restrictions. |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 2/24/2015 |
Subscription End Date: | 3/10/2015 |
Allocation Date: | 3/18/2015 |
Distribution Date: | 3/18/2015 |
Listing Date: | 3/22/2015 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
United Cooperative Assurance | 12.10 | 30.25 % | 160.45 |
Advisors
Lead Manager: | Alistithmar for Financial Securities and Brokerage Company |
Underwriter: | Alistithmar for Financial Securities and Brokerage Company |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Al Anezi Law Firm in collaboration with Bin Shabib & Associates |
Auditor: | Deloitte Touche Tohmatsu, Al Bassam & Co |
Receiving Bank: | Riyad Bank, Samba Financial Group, Saudi Investment Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 205 mn |
Subscription Percentage: | 89.43% |
No. of Subscribers: | - |
Allocation: | 3 rights per each 4 shares (equivalent to 0.75:1) |
Chart - United Cooperative Assurance Co.
Share Performance
Last Price: | 13.26 |
Change: | (2.52) % |
Market Cap (M): | 526.40 |
Turnover: | 27,913,404.00 |
Transactions: | 2,629.00 |
Related News
United Assurance invests SAR 184 mln from rights issue proceedsArgaam17/08/2015
United Cooperative launches rights issueArgaam24/02/2015
United Cooperative issues details for SAR 210 mln capital raiseArgaam27/01/2015
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