Sign In
×Brief
Company Status: | Listed |
Business Activity: | The company is the second provider of fixed line telephone services in Saudi Arabia. |
Current Capital: | 339.990 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Telecom & IT |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 277.809 % |
Offer Price (Riyal): | 10.000 |
Issue Volume (M Riyal): | 250.000 |
Premium: | 0.000 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered shareholders and new investors . |
Use of Proceeds: | _ Paying part of the outstanding balances and dues to one of the Company’s main suppliers (SAR 49 mln), _ Paying a balance owed to the Communications, Space and Technology Commission (SAR 15 mln), _ Paying part of the total value related to the Settlement Agreement with TAWA (SAR 26 mln), _ Developing infrastructure by developing networking "IPMPLS" (SAR 35 mln), _ Developing microwave technology to support the business sector (SAR 30 mln), _ Developing and building cloud data centers (SAR 10 mln), _ Upgrading Core Network Equipment (SAR 35 mln), _ Cyber Security Implementation (SAR 4 mln), _ Network capacity development (SAR 40 mln), _ Offering costs (SAR 6 mln) . |
Restrictions on Dealing in Shares: | There are no restrictions imposed on trading in the company’s shares, except for the legal restrictions imposed on publicly listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 1/8/2024 |
The minimum & maximum offering price: | 2/12/2024 |
Subscription End Date: | 2/25/2024 |
Allocation Date: | 3/5/2024 |
Distribution Date: | 3/21/2024 |
Listing Date: | 3/7/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Bahrain Telecommunications and Wireless | 5.099 | 15.00 % | 637.313 |
Advisors
Lead Manager: | Alinma Investment Company |
Underwriter: | Alinma Investment Company |
Financial Advisor: | Alinma Investment Company |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 241.23 mln |
Subscription Percentage: | 96.49% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Etihad Atheeb Telecommunication Company
Share Performance
Last Price: | 125.000 |
Change: | 5.574 % |
Market Cap (M): | 4,248.750 |
Turnover: | 579,701,468.000 |
Transactions: | 16,910.000 |
Related News
GO pays compensation for unsubscribed rights issue sharesArgaam21/03/2024
Edaa deposits subscribed shares of GO into shareholder accountsِArgaam07/03/2024
Etihad Atheeb’s rump offering 567.3% oversubscribedArgaam05/03/2024
GO rights issue 96.49% subscribed Argaam27/02/2024
GO rights subscription period ends todayArgaam Special25/02/2024
GO rights trading period ends todayArgaam Special19/02/2024
GO subscription, rights trading to start todayArgaam Special12/02/2024
GO subscription, rights trading to start tomorrowArgaam11/02/2024
Edaa deposits GO’s tradable rights todayArgaam11/02/2024
GO sets period for rights issue, new shares subscriptionArgaam08/02/2024
Call Request