AI Summary
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 |
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 |
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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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