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×Brief
Company Status: | Listed |
Business Activity: | The company provides integrated insurance services. |
Current Capital: | 200.000 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: | 100.000 % |
Offer Price (Riyal): | 10.000 |
Issue Volume (M Riyal): | 100.000 |
Premium: | 0.000 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Registered Shareholders and New Investors . |
Use of Proceeds: | _ Bank deposits (SAR 58.70 million), _ Low -risk bonds and sukuk (SAR 30.00 million), _ Estimated offering expenses (SAR 11.30 million) . |
Restrictions on Dealing in Shares: | There are no restrictions on trading in the Rights by the Shareholders, except for the regulatory restrictions on trading the publicly listed shares . |
Prospectus: | Downloads |
: | Downloads |
Key Dates
Capital Market Authority Approval: | 7/23/2023 |
The minimum & maximum offering price: | 11/9/2023 |
Subscription End Date: | 11/21/2023 |
Allocation Date: | 12/4/2023 |
Distribution Date: | 12/28/2023 |
Listing Date: | 12/4/2023 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Abdullah Muhammad Abdulaziz Al-Ruwait | 1.000 | 5.00 % | 33.350 |
Advisors
Lead Manager: | Alawwal Capital Company , Al-Nefaie Investment Group |
Underwriter: | Alawwal Capital Company |
Financial Advisor: | Alawwal Capital Company |
Legal Advisor: | Zaree & Al Hamdan Advocates & Legal Consultants |
Auditor: | Al Azem & Al Sudairy CPA's and Consultants Co. , Al Bassam & Co |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 91.09 million |
Subscription Percentage: | 91.09% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Salama Cooperative Insurance Co.
Share Performance
Last Price: | 33.350 |
Change: | (5.524) % |
Market Cap (M): | 667.000 |
Turnover: | 25,371,294.000 |
Transactions: | 2,216.000 |
Related News
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Salama rights issue 91.09% covered Argaam22/11/2023
Salama’s subscription to rights shares ends todayArgaam21/11/2023
Salama’s rights trading period ends todayArgaam Special16/11/2023
Salama starts rights trading, subscription to new shares todayArgaam Special09/11/2023
Edaa deposits Salama tradable rights todayArgaam08/11/2023
Salama shareholders OK SAR 100 mln rights issue to hike capitalArgaam06/11/2023
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