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×Brief
Company Status: | Listed |
Business Activity: | The company provides integrated cooperative insurance services in Saudi Arabia. |
Current Capital: | 200.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Insurance |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 100.00 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 100.00 |
Premium: | 0.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Eligible Shareholders who are registered in the Company’s Shareholders Register at the close of trading on the EGM date on September 4, 2012 |
Use of Proceeds: | The net proceeds from the IPO will be used in accordance with the investment monitoring system, insurance companies and investment worth SAR 80mn portfolio includes: - 50% cash and short-term investment - 35% bonds and long-term investments - 15% stocks |
Restrictions on Dealing in Shares: | The CMA imposed a restriction on Founding Shareholders preventing them from disposal of their Shares for a period of 3 full financial years from the company's incorporation date. Founding Shareholders are required to obtain the consent of the CMA and SAMA before selling any of their shares after the expiry of the Lock-up period |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 9/15/2012 |
Subscription End Date: | 9/22/2012 |
Allocation Date: | 9/29/2012 |
Distribution Date: | 9/29/2012 |
Listing Date: | 10/2/2012 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Wealth Private Investment Holding Company | 4.37 | 15.00 % | 82.50 |
Advisors
Lead Manager: | AlJazira Capital Company |
Underwriter: | AlJazira Capital Company |
Financial Advisor: | BMG Financial Group |
Legal Advisor: | The Law Office of Abdulaziz H. Al Fahad and Partners, EK Partners Al-Enezee Legal Counsel |
Auditor: | KPMG Al Fozan & Partners |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Bank Aljazira, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 188mn |
Subscription Percentage: | 141% |
No. of Subscribers: | 4.14K |
Allocation: | Each subscriber acquired the full subscription amount |
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 |
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