The three-year lock-up period for Umm Al-Qura Cement Co. founding shareholders has ended today.
Saudi market regulator, the Capital Market Authority (CMA), had prevented shareholders from selling shares for three years minimum from the date of share debut, June 12, 2014.
The founding shareholders, owning a 50 percent of the company’s capital, are entitled to dispose shares, only after obtaining the CMA’s approval.
The cement producer had floated 50 percent of its shares, or 27.5 million shares in an initial public offering (IPO) to Saudi citizens.
|
Major Shareholders Post-IPO |
||
|
Shareholders |
No. of shares (mln) |
Stake % |
|
Villa International Projects Trading Company |
5.14 |
9.34 % |
|
Abdulaziz Omran Al-Omran & Partners |
2.51 |
4.57 % |
|
Hamad Bin Ibrahim Bin Hamad Al-Abdullatif |
2.09 |
3.79 % |
|
Al-Mada Al-Awal Holding Co. |
1.50 |
2.73 % |
|
Princess Jawaher Bint Khaled Bin Turky Al-Saud |
1.33 |
2.42 % |
|
Prince Abdulaziz Bin Turky Bin Sultan Bin Abdulaziz Al-Saud |
1.33 |
2.42 % |
|
Princess Al-Anoud Bint Turky Bin Sultan Bin Abdulaziz Al-Saud |
1.33 |
2.42 % |
|
Others |
12.27 |
22.31 % |
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