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×Brief
Company Status: | Listed |
Business Activity: | Developing residential and commercial projects. |
Current Capital: | 400.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Real Estate Development |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 3.00 % |
Offer Price (Riyal): | 9.60 |
Issue Volume (M Riyal): | 1,440.00 |
Premium: | 110.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 10.80 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 1.99 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds from the Offering (after deducting listing expenses estimated at SAR 27.00 million) will be distributed to the Selling Shareholders based on each Selling Shareholder’s percentage ownership in the Offer Shares, The Company will not receive any part of the Net Proceeds from the Offering . |
Restrictions on Dealing in Shares: | The Substantial Shareholder, will be subject to a Lock-up Period of six (6) months starting from the commencement of trading of the Shares on the Saudi Stock Exchange, during which the Substantial Shareholder shall be prohibited from disposing of its Shares. Following the Lock-up Period, the Substantial Shareholders will be free to dispose of their Shares with no prior permission from CMA, In addition, the Company is prohibited from listing shares of the same class as the Offer Shares for a period of 6 months starting from the start of trading of the Offer Shares on the Exchange . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/16/2022 |
The minimum & maximum offering price: | 6/5/2022 |
Subscription End Date: | 6/6/2022 |
Allocation Date: | 6/12/2022 |
Distribution Date: | 6/15/2022 |
Listing Date: | 6/27/2022 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al-Fawzan Holding Company | 264.90 | 52.98 % | 2,452.97 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | Baker Tilly Co. |
Receiving Bank: | The Saudi National Bank, Riyad Bank, Bank Albilad |
IPO results
Proceeds: | SAR 1278.00 million |
Subscription Percentage: | 888% |
No. of Subscribers: | 233.09 thousand subscribers |
Allocation: | 5 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around ( 0.364 % ) on average . |
Chart - Retal Urban Development Co.
Share Performance
Last Price: | 9.26 |
Change: | (1.07) % |
Market Cap (M): | 4,610.00 |
Turnover: | 4,795,929.00 |
Transactions: | 1,012.00 |
Share Stats
First Day Open: | 10.38 |
First Day High: | 10.43 |
First Day Low: | 9.62 |
First Day Close: | 9.68 |
1st Day Change: | 0.83 % |
1st Month Change: | 1.00 % |
1st year Change: | (5.33 %) |
Since listing: | (3.96 %) |
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