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×Brief
Company Status: | Listed |
Business Activity: | The company owns and manages hotels, resorts, furnished apartments, amusement parks, restaurants and shopping malls. |
Current Capital: | 550.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Hotels & Tourism |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 10.85 |
Issue Volume (M Riyal): | 825.00 |
Premium: | 4.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 8.25 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 2,750.00 Thousand Shares |
Eligibility : | Individuals and Financial Institutions |
Use of Proceeds: | The net proceeds of the IPO, amounting to around SAR 26mn, will be paid to the Selling Shareholders on a pro rata basis |
Restrictions on Dealing in Shares: | Tourism Opportunities Commercial Company may not dispose of any Shares for the period of six months from the date on which trading of the Offer Shares commences on the Exchange (the “Lock-in Period”). The remaining shareholders face a lock-in period of 18 months. After the restriction period has elapsed, the Selling Shareholders may only dispose of their Shares after obtaining CMA approval |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/28/2014 |
Subscription End Date: | 6/3/2014 |
Allocation Date: | 6/10/2014 |
Distribution Date: | 6/10/2014 |
Listing Date: | 6/26/2014 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Abdul Mohsen Al Hokair and Sons Holding Company | 99.23 | 31.50 % | 256.99 |
Abdul Mohsen Abdel Aziz Fahad Al Hokair | 39.25 | 12.46 % | 101.65 |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | Saudi Fransi Capital |
Financial Advisor: | Saudi Fransi Capital |
Legal Advisor: | Freshfields Bruckhaus Deringer Co. |
Auditor: | Price Water House Coopers - Saudi Arabia, Ernst & Young Professional Services Co |
Receiving Bank: | Al Rajhi Bank, Arab National Bank, Bank Aljazira, Riyad Bank, Samba Financial Group, Banque Saudi Fransi, Saudi Investment Bank, The Saudi National Bank, Jadwa Investment Co. |
IPO results
Proceeds: | SAR 1367.1mn |
Subscription Percentage: | 329% |
No. of Subscribers: | 1690K |
Allocation: | The allocation rate was at 4 shares per subscriber |
Chart - Abdulmohsen Alhokair Group for Tourism and Development
Share Performance
Last Price: | 2.59 |
Change: | (1.89) % |
Market Cap (M): | 819.00 |
Turnover: | 4,632,148.00 |
Transactions: | 1,570.00 |
Share Stats
First Day Open: | 11.94 |
First Day High: | 11.94 |
First Day Low: | 11.94 |
First Day Close: | 11.94 |
1st Day Change: | 10.00 % |
1st Month Change: | 87.74 % |
1st year Change: | 73.78 % |
Since listing: | (76.05 %) |
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