Al-Hammadi Co. announces its IPO prospectus:

21/05/2014 Argaam

Al-Hammadi Development and Investment Company is to sell 22.50 million shares, or 30 percent of the company, in an initial public offering from June 11 to June 17 2014. The IPO will raise the companys capital from SAR 525m to SAR 750m; the company said.

 

The IPO will be divided into two sections. The first section will be for institutional investors, including mutual funds which can subscribe to up to 100 percent of the shares or less. The second section is for Saudi retail investors who can buy up to 11.25 million shares or 50 percent of the total stocks offered, or less.

 

Major Shareholders after IPO

Stake %

Number of shares
(million)

Shareholders

21.0%

15.75

Jadwa Healthcare Opportunities

10.0%

7.50

Saleh Bn Mohammed Al-Hammadi

10.0%

7.50

Abulaziz Bn Mohammed Al-Hammadi

4.9%

3.675

Faisal Bn Abulaziz Al-Hammadi

4.9%

3.675

Mohammed Bn Saleh Al-Hammadi

4.9%

3.675

Abdulaziz Bn Saleh Al-Hammadi

4.9%

3.675

Mohammed Bn Abdulaziz Al-Hammadi

4.6%

3.45

Jadwa Investment Company

30%

22.50

Public shareholders

 

 

        

Company’s profile

Al-Hammadi Investment and Development Company

Company

Saudi Stock Market

Market

Healthcare services, owning and operating hospitals.

Core business

outstanding

status

SAR 525m

Current Capital

 

  

 

IPO Profile

30%

IPO %

22.5m shares

No. of shares offered

To be determined later

Issuing price

----

Gross IPO Proceeds

Saudi Individuals and institutions

Eligible for IPO

                        Institutions: 100,000 shares

                        Individuals: 10 shares

Minimum

                        Institutions: 3.745m shares

   Individuals: 250,000 shares

Maximum

June 3, 2014

Last date for institutions’ IPO

June 11 to June 17, 2014

IPO Date

June 24, 2014

Allocation date

June 24, 2014

Re-underwriting Date

 

  

Additional information

SAMBA Capital

 

Lead manager and financial advisor

SAMBA, AlRajhi Bank, NCB, Riyad Bank, Arab national bank, SFB, SABB, Al-Jazira bank and Gadwa Investment.

 

Receiving Banks

Completing the construction of a hospital in Riyadh

 

The use of Net IPO proceeds

 

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