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×Brief
Company Status: | Listed |
Business Activity: | The company is a provider of cooperative insurance and reinsurance services. |
Current Capital: | 200.00 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): | 5.36 |
Issue Volume (M Riyal): | 80.00 |
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 of the IPO will be used in: 1 - Additional costs associated with the establishment of the company and its initial development 2 - General requirements for working capital and maintain the minimum margin of solvency of the company 3 - Acquiring an insurance portfolio and related assets |
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: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 4/18/2009 |
Subscription End Date: | 4/27/2009 |
Allocation Date: | 5/2/2009 |
Distribution Date: | 5/2/2009 |
Listing Date: | 7/27/2009 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Gulf Insurance Group (Gulf) B.S.C | 26.25 | 50.00 % | 958.13 |
Advisors
Lead Manager: | - |
Underwriter: | Morgan Stanley Saudi Arabia Co. |
Financial Advisor: | Morgan Stanley Saudi Arabia Co. |
Legal Advisor: | Linklaters LLP - UAE, The Law Office of Abdulaziz H. Al Fahad and Partners |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Bank Aljazira, Saudi Awwal Bank, Samba Financial Group, The Saudi National Bank |
IPO results
Proceeds: | SAR 457mn |
Subscription Percentage: | 571% |
No. of Subscribers: | 835K |
Allocation: | The allocation rate was set at 9 shares per subscriber |
Chart - Gulf Insurance Group
Share Performance
Last Price: | 36.50 |
Change: | 0.96 % |
Market Cap (M): | 1,942.50 |
Turnover: | 5,165,298.00 |
Transactions: | 652.00 |
Share Stats
First Day Open: | 23.74 |
First Day High: | 25.42 |
First Day Low: | 18.21 |
First Day Close: | 18.77 |
1st Day Change: | 249.98 % |
1st Month Change: | 193.70 % |
1st year Change: | 90.74 % |
Since listing: | 589.78 % |
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