Alinma Tokio Marine Company said on that it is planning to raise its capital from SAR 200 million to SAR 450 million through rights issue.

 

The insurer will offer 25 million shares at SAR 10 each to raise its capital by 125 percent, the company added in its statement to Tadawul, Saudi Arabia’s bourse.

 

The capital raise is pending the general assembly’s approval, which is scheduled for August 4.

 

Participation in the rights issue will be limited to shareholders registered by meeting’s date.

 

Alinma Tokio added that it will dedicate SAR 4 million for fees, while the rest of the proceeds will be used to boost its solvency margin and finance future expansions. 

 

Earlier this month, the Capital Market Authority (CMA) approved the insurer’s capital raise request.

 

Capital Hike Details

SAR 200 mln

Current capital

20 mln shares

Number of shares

125%

Capital raise (%)

SAR 450 mln

New capital

Rights Issue Details

25 mln shares

Number of right shares

SAR 10 per share

IPO price per share

SAR 250 mln

Size of issue

August 4, 2015

Record date

Additional Information

Saudi Kuwait Finance House

Financial advisor

Alinma Investment

Lead manager

Saudi Kuwait Finance House,  Alinma Investment

Lead Underwriter

Alinma, RIBL, Samba

Receiving Banks
 

Comments 9

1
4
119

RASHHD

منذ 8 سنه
سبب نزول أسهم القطاع الصحى اليوم إغلاق مستشفى سعد التخصصى
2
0
86

م.شاي ربيع

منذ 8 سنه
وليش تم اغلاقه
3
4
119

RASHHD

منذ 8 سنه
خلاص فلس سبحان الله من كان يصدق
4
9
1608

alkhamis

منذ 8 سنه
ليس لانه مستشفى ولكن لمشاكل مالكه معن الصانع و خلافه مع عائلة ارحامه القصيبي
5
37
1917

بلاتين

منذ 8 سنه

الالماني يستحق اكثر 

6
0
86

م.شاي ربيع

منذ 8 سنه
واللي ياكلها المستثمر
7
0
86

م.شاي ربيع

منذ 8 سنه
صراحه ملعنه
8
0
86

م.شاي ربيع

منذ 8 سنه
النزاعات يجب أن تحل في المحاكم اما بداخل الشركة فيجب العمل والتكاتف على اظهار الشركة في افضل وضع...
9
عضو مميز
15
1638

mosaed44

منذ 8 سنه

بالنسبة للجودة وغيرها شتان ما بين الشركات الثلاث والمواساة  والالماني

 

الثلاث أفضل وبمراحل ،

 

ولكن حسبة الاسهم والمضاربات حسبة مختلفة تماما والله اعلم

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