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×Brief
Company Status: | Listed |
Business Activity: | The company is the operator of Red Sea Gateway Terminal in Jeddah. It offers clearance services in the industrial zone of Jeddah and operates in the water desalination sector. |
Current Capital: | 680.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Multi-Investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 70.00 % |
Offer Price (Riyal): | 11.50 |
Issue Volume (M Riyal): | 322.00 |
Premium: | 1.50 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Shareholders registered on the date of the Assembly 24-08-2008 |
Use of Proceeds: | The net proceeds of the Offering will be used in implementing the company's plans to create a third containers terminal at Jeddah Islamic Port |
Restrictions on Dealing in Shares: | - |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 8/30/2008 |
Subscription End Date: | 9/10/2008 |
Allocation Date: | 9/17/2008 |
Distribution Date: | 9/17/2008 |
Listing Date: | 9/17/2008 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Xenel Industries Co. Ltd. | 11.99 | 14.69 % | 464.50 |
Advisors
Lead Manager: | HSBC Saudi Arabia Co. |
Underwriter: | Al Rajhi Capital Company |
Financial Advisor: | HSBC Saudi Arabia Co. |
Legal Advisor: | White & Case LLP |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Bank Albilad, Saudi Awwal Bank, Samba Financial Group, Banque Saudi Fransi, The Saudi National Bank |
IPO results
Proceeds: | SAR 354.2mn |
Subscription Percentage: | 110% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Sustained Infrastructure Holding Co.
Share Performance
Last Price: | 38.75 |
Change: | (1.79) % |
Market Cap (M): | 3,133.44 |
Turnover: | 31,325,055.00 |
Transactions: | 2,191.00 |
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