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×Brief
Company Status: | Listed |
Business Activity: | The company owns and operates shopping centers |
Current Capital: | 4,750.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Real Estate Development |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 21.35 % |
Offer Price (Riyal): | 26.00 |
Issue Volume (M Riyal): | 2,470.00 |
Premium: | 72.33 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 23.75 Million Shares |
Available Shares (Institutions): | 89.30 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 23.75 Million Shares |
Eligibility : | Saudi citizens and subscribed institutions |
Use of Proceeds: | The company currently has SAR 1,000 million in debt. About SAR 500 million will be set aside to reduce debt of refinancing agreements. Another SAR 500 million will be allocated to pay debt installments, which are due 1 year from the date on which trading of the company's shares debut on Tadawul. |
Restrictions on Dealing in Shares: | Shareholders may not dispose of any of their shares during a period of six months from the date on which trading of the company's shares debut Tadawul. |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 5/9/2019 |
Subscription End Date: | 5/9/2019 |
Allocation Date: | 5/14/2019 |
Distribution Date: | 5/14/2019 |
Listing Date: | 5/22/2019 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Fass Real Estate Co. | 175.42 | 36.93 % | 4,402.98 |
Salman Abdelaziz Fahd Al Hukair | 38.00 | 8.00 % | 953.80 |
Abdelmageed Abdelaziz Fahd Al Hokair | 37.34 | 7.86 % | 937.11 |
Advisors
Lead Manager: | Samba Capital and Investment Management Company |
Underwriter: | Samba Capital and Investment Management Company, Morgan Stanley Saudi Arabia Co., SNB Capital Company |
Financial Advisor: | Moelis & Company Bank, Morgan Stanley Saudi Arabia Co., SNB Capital Company, EFG-Hermes KSA, Goldman Sachs Group, Inc., Samba Capital and Investment Management Company |
Legal Advisor: | Abdulaziz Al Ajlan Office , Baker & McKenzie Limited |
Auditor: | Ernst & Young Professional Services Co, Al Fowzan & Banaga KPMG |
Receiving Bank: | Samba Financial Group, The Saudi National Bank |
IPO results
Proceeds: | SAR 148.2 mln |
Subscription Percentage: | 60% |
No. of Subscribers: | 26.48 k Subscriber |
Allocation: | Arabian Centers Co. allotted all shares of retail investors in its initial public offering (IPO) without surplus. |
Chart - Arabian Centres Co.
Share Performance
Last Price: | 25.10 |
Change: | 0.68 % |
Market Cap (M): | 11,946.25 |
Turnover: | 19,535,941.00 |
Transactions: | 1,079.00 |
Share Stats
First Day Open: | 26.00 |
First Day High: | 26.10 |
First Day Low: | 23.60 |
First Day Close: | 25.00 |
1st Day Change: | (3.85 %) |
1st Month Change: | (1.73 %) |
1st year Change: | (15.08 %) |
Since listing: | (3.27 %) |
Related News
Arabian Centres drops 6% as it debuts on TadawulArgaam22/05/2019
Arabian Centres allots all shares in retail offeringArgaam22/05/2019
Arabian Centres closes IPO, retail investors buy 6 mln shares Argaam14/05/2019
Arabian Centres IPO: Subscription Period & Key Dates Argaam09/05/2019
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