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×Brief
Company Status: | Listed |
Business Activity: | Air cargo handling services and logistic solutions. |
Current Capital: | 800.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Transportation |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 106.00 |
Issue Volume (M Riyal): | 2,544.00 |
Premium: | 96.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 250.00 Thousand Shares |
Available Shares (Institutions): | 21.60 Million Shares |
Minimum Subscription (Institutions): | 50.00 Thousand Shares |
Maximum Subscription (Institutions): | 4.00 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The net proceeds, after the offering expenses estimated at ( SAR 48.9 million ), will be distributed on a pro-rata basis to selling shareholders. The company will not receive any share of these proceeds . |
Restrictions on Dealing in Shares: | Major shareholders in the Company shall be subject to a look-up period of (6) months starting from the date on which shares of the Company are traded in the market where they may not dispose shares during this period. After the lapse of this period, they may dispose their shares without the need to get a prior consent from the Authority . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 6/21/2023 |
The minimum & maximum offering price: | 10/11/2023 |
Subscription End Date: | 10/13/2023 |
Allocation Date: | 10/17/2023 |
Distribution Date: | 10/24/2023 |
Listing Date: | 11/1/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Saudi Group | 39.20 | 49.00 % | 10,192.00 |
Tarabut Air Cargo Services Company Limited | 16.80 | 21.00 % | 4,368.00 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | HSBC Saudi Arabia Co. |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | The Law Firm of Salah Al-Hejailan |
Auditor: | - |
Receiving Bank: | Saudi Awwal Bank, Riyad Bank, The Saudi National Bank, Al Rajhi Bank, Arab National Bank |
IPO results
Proceeds: | SAR 4099.80 million |
Subscription Percentage: | 1610% |
No. of Subscribers: | 833.50 thousand subscribers |
Allocation: | 2 shares per individual subscriber & The remaining shares will be allocated on a pro rata basis at around 1.9805% on average . |
Chart - SAL Saudi Logistics Services Co.
Share Performance
Last Price: | 260.00 |
Change: | 2.84 % |
Market Cap (M): | 20,864.00 |
Turnover: | 195,320,850.00 |
Transactions: | 8,822.00 |
Share Stats
First Day Open: | 116.60 |
First Day High: | 137.80 |
First Day Low: | 116.60 |
First Day Close: | 132.60 |
1st Day Change: | 25.09 % |
1st Month Change: | 38.49 % |
1st year Change: | - |
Since listing: | 146.04 % |
Related News
SAL Logistics debuts today as 7th Tadawul listing in 2023Argaam Special01/11/2023
SAL Logistics to debut on Tadawul on Nov. 1Argaam30/10/2023
SAL Logistics IPO: Subscription period, key datesArgaam11/10/2023
Here’s a list of receiving banks for SAL Logistics IPO Argaam11/10/2023
SAL Logistics retail offer of 2.4 mln shares opens todayArgaam Special11/10/2023
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Forsa Capital expects SAL Logistics share price to riseArgaam02/10/2023
SAL Logistics sets IPO price range at SAR 98-106 Argaam25/09/2023
SAL Logistics issues prospectus for 30% IPO on TadawulArgaam12/09/2023
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