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×Brief
Company Status: | Listed |
Business Activity: | The company provides insurance and reinsurance services. |
Current Capital: | 530.00 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: | 100.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 265.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered Shareholders and New Shareholders |
Use of Proceeds: | _ Financial Investments SAR 223.50 million, _ Increasing Statutory Reserve SAR 26.50 million, _ Offering costs SAR 15.00 million . |
Restrictions on Dealing in Shares: | The Founding Shareholders must obtain approval of the Saudi Central Bank and then approval of the Capital Market Authority before disposing of their shares . |
Prospectus: | Downloads |
: | Downloads |
Key Dates
Capital Market Authority Approval: | 1/10/2022 |
The minimum & maximum offering price: | 11/27/2022 |
Subscription End Date: | 12/7/2022 |
Allocation Date: | 12/18/2022 |
Distribution Date: | 1/10/2023 |
Listing Date: | 12/22/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Alarabia almasia holding co | 10.18 | 19.20 % | 169.94 |
Jordan Insurance Company | 4.87 | 9.19 % | 81.34 |
Arab Company for Supply and Trading | 3.30 | 6.23 % | 55.14 |
Advisors
Lead Manager: | Al Rajhi Capital Company |
Underwriter: | Al Rajhi Capital Company |
Financial Advisor: | Al Rajhi Capital Company |
Legal Advisor: | Mohammed AlDhabaan And Partners |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. , Al Bassam Law Firm |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 171.32 million |
Subscription Percentage: | 64.65% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Arabia Insurance Cooperative Company
Share Performance
Last Price: | 16.70 |
Change: | (0.95) % |
Market Cap (M): | 881.92 |
Turnover: | 21,902,091.00 |
Transactions: | 1,536.00 |
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