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×Brief
Company Status: | Listed |
Business Activity: | The company is a manufacturer of plastic packaging products and nonwoven fabrics. |
Current Capital: | 764.65 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Right Issue |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 64.56 % |
Offer Price (Riyal): | 10.00 |
Issue Volume (M Riyal): | 300.00 |
Premium: | 0.00 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: | _ Purchase of new assets to develop existing production lines (SAR 90 mln), _ Purchase of new assets to produce new products (SAR 60 mln), _ Repayment of loans (SAR 75 mln), _ Funding the working capital (SAR 49.80 mln), _ Offering Costs (SAR 25.20 mln) . |
Restrictions on Dealing in Shares: | There are no restrictions imposed on trading in the company’s shares, except for the legal restrictions imposed on publicly listed shares . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 1/10/2024 |
The minimum & maximum offering price: | 2/19/2024 |
Subscription End Date: | 3/3/2024 |
Allocation Date: | 3/12/2024 |
Distribution Date: | 4/15/2024 |
Listing Date: | 3/14/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Al-Othman Holding Company | 31.84 | 41.64 % | 441.91 |
Abdulmohsen Mohammed Abdullah Al-Othman | 4.50 | 5.89 % | 62.51 |
Advisors
Lead Manager: | Al-Nefaie Investment Group |
Underwriter: | Al Wasatah Al Maliah Company |
Financial Advisor: | Al Wasatah Al Maliah Company |
Legal Advisor: | GLA & Company |
Auditor: | Al Kharashi & Company Certified Accountants and Auditors |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 232.10 mln |
Subscription Percentage: | 77.37% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Takween Advanced Industries Co.
Share Performance
Last Price: | 13.88 |
Change: | (0.14) % |
Market Cap (M): | 1,067.38 |
Turnover: | 5,760,049.00 |
Transactions: | 946.00 |
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Takween starts rights trading, subscription to new shares todayِArgaam special 19/02/2024
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