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×Brief
Company Status: | Listed |
Business Activity: | Financing productive assets and small- and medium-sized enterprises (SMEs). |
Current Capital: | 714.29 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Services |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 14.60 |
Issue Volume (M Riyal): | 312.86 |
Premium: | 4.60 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 19.29 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 3.57 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds after deducting the Offering expenses will be distributed to the Company to support general and operational expenses and the future growth of financing activities by providing additional financing capacity that will allow the Company to provide financing to individuals and SMEs . |
Restrictions on Dealing in Shares: | Major shareholders in the Company shall be subject to a look-up period of (6) months starting from the date on which shares of the Company are traded in the market where they may not dispose shares during this period. After the lapse of this period, they may dispose their shares without the need to get a prior consent from the Authority . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 12/26/2022 |
The minimum & maximum offering price: | 5/28/2023 |
Subscription End Date: | 5/29/2023 |
Allocation Date: | 6/4/2023 |
Distribution Date: | 6/14/2023 |
Listing Date: | 6/21/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Talal Ibrahim Ali Al-Maiman | 5.55 | 7.77 % | 61.83 |
Abdulrahman Mohammed Abdulrahman Al-Ghumlas | 5.32 | 7.45 % | 59.28 |
Sultan Moazi Fhaid AlOsaimi | 4.74 | 6.64 % | 52.84 |
Advisors
Lead Manager: | Al-bilad Investment Co. |
Underwriter: | Al-bilad Investment Co. |
Financial Advisor: | Al-bilad Investment Co. |
Legal Advisor: | The Law Office of Megren M. Al-Shaalan |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | Bank Albilad, Riyad Bank, Al Rajhi Bank, Alinma Bank |
IPO results
Proceeds: | SAR 172.4 million |
Subscription Percentage: | 551% |
No. of Subscribers: | 194 thousand subscribers |
Allocation: | 10 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around 2.05% on average . |
Chart - Morabaha Marina Financing Co.
Share Performance
Last Price: | 11.14 |
Change: | 0.90 % |
Market Cap (M): | 798.58 |
Turnover: | 2,138,907.00 |
Transactions: | 348.00 |
Share Stats
First Day Open: | 14.90 |
First Day High: | 14.96 |
First Day Low: | 14.08 |
First Day Close: | 14.12 |
1st Day Change: | (3.29 %) |
1st Month Change: | (2.05 %) |
1st year Change: | - |
Since listing: | (23.42 %) |
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