Umm Al-Qura Cement Company is about to offer 27.5m shares, representing 50% of its capital, for IPO.

According to Argaam’s data, The Capital Market Authority approved the offering of 27.5m shares of Umm Al-Qura capital for IPO at SAR 10 per share from April 29 to May 5, 2014.

The company said in its IPO prospectus that the net IPO proceeds amounting to SAR 263m is to be used in financing the construction of the cement plant and its utilities.

The following table shows Umm Al-Qura’s ownership structure after the IPO:

Main Owners after IPO

Stake %

Number of shares
(million)

Owners

9.34%

5.14

Villa International projects Trading Company

4.57%

2.51

Abdulaziz Omran Al-Omran & Partners

3.79%

2.09

Hamad Bin Ibrahim Bin Hamad Al-Abdullatif

2.73%

1.50

Al-Mada Al-Awal Holding Co.

2.42%

1.33

Princess Jawaher Bint Khaled Bin Turky Al-Saud

2.42%

1.33

Prince Abdulaziz Bin Turky Bin Sultan Bin Abdulaziz Al-Saud

2.42%

1.33

Princess Al-Anoud Bint Turky Bin Sultan Bin Abdulaziz Al-Saud

22.31%

12.27

Others

50.00%

27.50

Public shareholders

100.00%

55.00

Total
 

        

Company’s profile

Umm Al-Qura Cement Company

Company

Saudi Stock Market

Market

Producing all types of Portland and White Cement

Core business

outstanding

status

SAR 550m

Capital
 

  

IPO Profile

27.5m shares

No. of shares offered

SAR 10/share

Issuing price

SAR 275m

Gross IPO Proceeds

Saudi Citizens

Eligible for IPO

50 shares

Minimum

200,000 shares

Maximum

April 29 to May 5, 2014

IPO Date

May 11, 2014

Allocation date

May 11, 2014

Re-underwriting Date
 

  

Additional information

Riyad Financial

 

Lead manager and financial advisor

Riyad Bank- NCB- AlRajhi Bank- SFB- Saudi investment Bank

 

Receiving Banks

financing the construction of the cement plant and its utilities

 

The use of Net IPO proceeds
 

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