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×Brief
Company Status: | Listed |
Business Activity: | Producing and storing flour and animal feed. |
Current Capital: | 555.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Agriculture and Food Industries |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 60.00 |
Issue Volume (M Riyal): | 999.00 |
Premium: | 50.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 14.99 Million Shares |
Minimum Subscription (Institutions): | 50.00 Thousand Shares |
Maximum Subscription (Institutions): | 2.77 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Net Proceeds, which amount to SAR 958 million will be received by the Selling Shareholders, (after the deduction of the expenses of the Offering, estimated at approximately SAR 41 million ), The Company will not receive any proceeds from the Offering . |
Restrictions on Dealing in Shares: | From the commencement of trading of the Shares on the Saudi Exchange, the Substantial Shareholders are not able to dispose of their Shares prior to obtaining the approval of the GFSA and the CMA1, subject to also obtaining any required approvals from other concerned government agencies. As of the date of this Prospectus, 70% of the Shares of the Current Shareholders of the Company are pledged in favor of Alinma Bank. Post-Offering, the Current Shareholders are bound to retain an ownership percentage not less than 51% of all their Shares in the Company, for the duration of the finance agreement between the Company and Alinma Bank (for a period of 15 years) In addition, the Company is prohibited from listing shares of the same class as the Offer Shares for a period of six (6) months starting from the start of trading of the Offer Shares on the Exchange. The Offer Shares are also subject to the general restrictions applying on Shares in the Kingdom . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/29/2023 |
The minimum & maximum offering price: | 6/6/2023 |
Subscription End Date: | 6/7/2023 |
Allocation Date: | 6/12/2023 |
Distribution Date: | 6/19/2023 |
Listing Date: | 6/22/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
AlMutlaq Group Industrial Investment Company Limited | 16.65 | 30.00 % | 1,337.00 |
abdulaah abunian commercial co | 11.66 | 21.00 % | 935.90 |
Al Safi Advanced Investments Company | 6.66 | 12.00 % | 534.80 |
Essa Al-Ghurair Investment Company | 3.89 | 7.00 % | 311.97 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | SNB Capital Company, GIB Capital LLC |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | Abdulaziz Al Ajlan Office , Baker & McKenzie Limited |
Auditor: | KPMG Consulting Co. |
Receiving Bank: | The Saudi National Bank, Al Rajhi Bank, Alinma Bank |
IPO results
Proceeds: | SAR 995.9 million |
Subscription Percentage: | 996.90% |
No. of Subscribers: | 334.02 thousand subscribers |
Allocation: | 4 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around 2.1552% on average . |
Chart - First Milling Co.
Share Performance
Last Price: | 80.30 |
Change: | 5.07 % |
Market Cap (M): | 4,484.40 |
Turnover: | 72,061,551.00 |
Transactions: | 3,248.00 |
Share Stats
First Day Open: | 72.20 |
First Day High: | 82.40 |
First Day Low: | 72.10 |
First Day Close: | 80.00 |
1st Day Change: | 33.33 % |
1st Month Change: | 47.67 % |
1st year Change: | - |
Since listing: | 34.67 % |
Related News
First Mills debuts on Tadawul todayArgaam Special22/06/2023
First Mills to debut on Tadawul on June 22Argaam20/06/2023
A look at receiving banks for First Mills IPOArgaam06/06/2023
First Mills IPO: Subscription period, key datesArgaam06/06/2023
Retail subscription to 1.67 mln shares of First Mills IPO starts todayArgaam Special06/06/2023
First Mills sets IPO final price on Tadawul at SAR 60/shareArgaam30/05/2023
First Mills has a leading position in the flour market with a 33.8% share: CEOArgaam Special21/05/2023
First Mills prices IPO at SAR 55-60/shrArgaam18/05/2023
CMA approves Lumi's offering of 16.5 mln shares on TadawulArgaam29/03/2023
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