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×Brief
Company Status: | Listed |
Business Activity: | The company provides integrated cooperative insurance services in Saudi Arabia. |
Current Capital: | 100.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 66.67 % |
Offer Price (Riyal): | 5.24 |
Issue Volume (M Riyal): | 40.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi citizens |
Use of Proceeds: | The net proceeds from the IPO to fund the company's operations |
Restrictions on Dealing in Shares: | The Founding shareholders may not dispose any of their shares before three years "Lock Up Period" from the establishment date . After the shares restrictions are elapsed, the Founding shareholders may only dispose their shares after obtaining CMA's approval |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/19/2007 |
Subscription End Date: | 5/28/2007 |
Allocation Date: | 6/3/2007 |
Distribution Date: | 6/3/2007 |
Listing Date: | 8/27/2007 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Wealth Private Investment Holding Company | 4.37 | 15.00 % | 82.50 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | The Saudi National Bank |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | Alim Associates Law Firm |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Bank Aljazira, Riyad Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 323mn |
Subscription Percentage: | 808% |
No. of Subscribers: | 592K |
Allocation: | The allocation rate was set at 6 shares per subscriber |
Chart - Allied Cooperative Insurance Group
Share Performance
Last Price: | 18.90 |
Change: | (8.13) % |
Market Cap (M): | 552.32 |
Turnover: | 37,714,338.00 |
Transactions: | 3,333.00 |
Share Stats
First Day Open: | 57.45 |
First Day High: | 57.45 |
First Day Low: | 57.45 |
First Day Close: | 57.45 |
1st Day Change: | 996.61 % |
1st Month Change: | 949.07 % |
1st year Change: | 554.50 % |
Since listing: | 262.28 % |
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