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Brief
| Company Status: | Listed |
| Business Activity: | The company operates in the gold, industrial metals, aluminum and phosphate production sectors. |
| Current Capital: | 11,684.78 Million Riyal |
| Current No. of Shares (M) (M): |
IPO Facts
| Issue Type: | Right Issue |
| Status: | Listed |
| Exchange Market: | TASI |
| Sector: | Industrial investment |
| Country: | Saudi Arabia |
| Offered Shares (M): | |
| Offered Percentage: | 20.84 % |
| Offer Price (Riyal): | 23.00 |
| Issue Volume (M Riyal): | 5,600.00 |
| Premium: | 13.00 Riyal |
| Available Shares (Individual): | |
| Minimum Subscription (Individuals): | |
| Maximum Subscription (Individuals): | - |
| Available Shares (Institutions): | - |
| Minimum Subscription (Institutions): | - |
| Maximum Subscription (Institutions): | - |
| Eligibility : | The rights issue is eligible for shareholders of record on November 13, 2014 |
| Use of Proceeds: | The Company intends to use the net proceeds of the offering to fund its investment in the MWAS Project and to continue funding its aluminium operations, specifically the mine and refinery under construction by MBAC |
| Restrictions on Dealing in Shares: | The Company's shares were listed on Tadawul on July 5, 2008, and thus the share lock-in period expired several years ago, and there are no limitations on the Company's Shares |
| Prospectus: | Downloads |
| : | - |
Key Dates
| Capital Market Authority Approval: | - |
| The minimum & maximum offering price: | 11/18/2014 |
| Subscription End Date: | 12/2/2014 |
| Allocation Date: | 12/14/2014 |
| Distribution Date: | 12/18/2014 |
| Listing Date: | 12/16/2014 |
Major Shareholders
| Name | No. of Shares | Holding | Value |
|---|---|---|---|
| Public Investment Fund | 1,653.42 | 67.18 % | 105,984.27 |
Advisors
| Lead Manager: | HSBC Saudi Arabia Co., GIB Capital LLC |
| Underwriter: | Samba Capital and Investment Management Company |
| Financial Advisor: | HSBC Saudi Arabia Co. |
| Legal Advisor: | Salman M. Al-Sudairi Law Office - Latham & Watkins LLP |
| Auditor: | Ernst & Young Professional Services Co |
| Receiving Bank: | Al Rajhi Bank, Bank Albilad, Arab National Bank, Bank Aljazira, Riyad Bank, Saudi British Bank, Samba Financial Group, Banque Saudi Fransi, Alawwal Bank, Saudi Investment Bank, Alinma Bank, The Saudi National Bank |
IPO results
| Proceeds: | SAR 5.6 bln |
| Subscription Percentage: | 93.97% |
| No. of Subscribers: | - |
| Allocation: | Each eligible shareholder owns 3.8 shares is entitled for 1 rights issue share |
Chart - Saudi Arabian Mining Company
Share Performance
| Last Price: | 64.10 |
| Change: | 0.00 % |
| Market Cap (M): | 157,515.52 |
| Turnover: | 82,889,179.00 |
| Transactions: | 3,672.00 |
Related News
Maaden updates use of rights issue proceeds Argaam08/08/2017
Ma’aden discloses rights issue proceeds, project developmentsArgaam26/01/2015
Maaden distributes compensations to shareholders not participating in the rights issueArgaam18/12/2014
The second phase of Maaden’s IPO ends todayArgaam02/12/2014
Second phase of Ma’aden’s IPO commences todayArgaam30/11/2014
Tadawul: the end of tradable rights of Ma’aden’s IPOArgaam27/11/2014
Maaden publishes supplemental prospectus for its rights issueArgaam17/11/2014
Maaden commences the IPO of its rights issue on November 18th Argaam16/11/2014
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