Saudi market: the start of placement of individuals in 4.87 million shares of the "Union of factories wire" at 34 riyals per share
Numbers - particularly 01/08/2011
Saudi market: the start of retail subscription Saudi market: the start of retail subscription begins today, Monday, August 1, 2011 IPO allocated to individuals in the shares of Union factories wire "wire", as the second IPO witnessed the Saudi market in 2011, where the put the company's 4.875 million shares to subscribers Saudi individuals at 34 riyals per share, was determined on the method of log construction orders.
The estimated number of shares offered for subscription to 9.75 million shares (30% of the capital of the Company), and will be allocated only 50% of the shares offered to retail subscribers, and the remaining 50% will be allocated to institutions.
The company "Falcom" financial adviser, financial and Mdiralakttab and underwriter for the company wires, has completed the last week building phase Sjellaloamr, which was available to all investment funds in stocks Asaudihalmr_khas to it by the financial market, was oversubscribed entirely by the investment funds.
And extend the subscription period from the date of August 1, 2011 until the seventh month of the same.
Company Info
The company was founded after the merger of wires Gulf shell (merging company), with factory Riyadh wires, fastening, Saudi Factory for wires galvanized wire and mesh fence and nails in 2006, and was modified name of the company to become a company union factories wire, and is based in Riyadh headquartered.
In 2007 the company increased its capital to 206.5 million riyals, then turned to the contribution of closed at the beginning of the year 2008 and raise its capital to 325 million riyals.
The company's main products in the tie-down wires, nails, and hangers, and mesh fences, galvanized wire drawn and, in addition to other products such as mesh flooring, and pins and Kalpsat, and barbed wire.
The company relies, as stated in the prospectus as a raw material for steel major, with an estimated cost of input materials by about 92% of the cost of sales, the most important sources of supply have SABIC and Emirates Steel Industries.
The company has eight factories are distributed in both Riyadh and Jeddah, and Brida, Khamis Mushayt, with a production capacity of about 233 thousand tons, and operates 353 workers, while reaching the production capacity of actual companies by the end of 2010 to about 170.4 thousand tons.
Production capacity of the companyBranchNumber of employeesProduction capacity (thousand tons)The actual capacity of 2010(Thousand tons)Saudi Factory for wire galvanized Riyadh157124.8795.83Factory wires Gulf Riyadh5650.2341.59Riyadh factory tie-down wires3629.8513.88Small branch in Riyadh2014.2910.38Technical branch in Riyadh *50.770.56Factory metal wire - Buraidah304.782.22Factory wire mesh fencing and columns - Jeddah386.114.25Factory wire mesh fencing and columns - Khamis Mushayt112.331.70Total353233.23170.41
* Last branch was attached to the company was buying the factory with its assets and trade name for $ 6.2 million riyals.
Company InfoCompanyEtihad factories wireMarketSaudi Stock MarketThe company's workIndustry WireThe case of companyListPaid-up capital of the company325 million riyalsSubscription informationNumber of shares offered9.75 million shares (30%)Issue priceSR 34Size version331.5 million riyalsEligible for subscriptionSaudi citizens and investment fundsMinimum10 shares for individuals and 100 thousand shares to institutionsCeiling100 thousand shares to individuals and there is no upper limit to the institutionsIPO Date08/01/2011 to 08/07/2011Additional InformationLead ManagerFalcomReceiving BanksFalcom Saudi Fransi, Al Rajhi Bank, Consultative Group, Riyad Bank, Arab National Bank, First Geojit, Samba, and the feasibility of the investment.Financial AdvisorFalcomThe use of IPO proceedsWill be distributed the net proceeds from the IPO, after deducting underwriting fees of $ 17 million riyals to shareholders vendors, according to the number of shares held by a shareholder of Seller the portion of shares offered for subscription, the company will not receive any part of the proceeds from the IPO.
Numbers - particularly 01/08/2011
Saudi market: the start of retail subscription Saudi market: the start of retail subscription begins today, Monday, August 1, 2011 IPO allocated to individuals in the shares of Union factories wire "wire", as the second IPO witnessed the Saudi market in 2011, where the put the company's 4.875 million shares to subscribers Saudi individuals at 34 riyals per share, was determined on the method of log construction orders.
The estimated number of shares offered for subscription to 9.75 million shares (30% of the capital of the Company), and will be allocated only 50% of the shares offered to retail subscribers, and the remaining 50% will be allocated to institutions.
The company "Falcom" financial adviser, financial and Mdiralakttab and underwriter for the company wires, has completed the last week building phase Sjellaloamr, which was available to all investment funds in stocks Asaudihalmr_khas to it by the financial market, was oversubscribed entirely by the investment funds.
And extend the subscription period from the date of August 1, 2011 until the seventh month of the same.
Company Info
The company was founded after the merger of wires Gulf shell (merging company), with factory Riyadh wires, fastening, Saudi Factory for wires galvanized wire and mesh fence and nails in 2006, and was modified name of the company to become a company union factories wire, and is based in Riyadh headquartered.
In 2007 the company increased its capital to 206.5 million riyals, then turned to the contribution of closed at the beginning of the year 2008 and raise its capital to 325 million riyals.
The company's main products in the tie-down wires, nails, and hangers, and mesh fences, galvanized wire drawn and, in addition to other products such as mesh flooring, and pins and Kalpsat, and barbed wire.
The company relies, as stated in the prospectus as a raw material for steel major, with an estimated cost of input materials by about 92% of the cost of sales, the most important sources of supply have SABIC and Emirates Steel Industries.
The company has eight factories are distributed in both Riyadh and Jeddah, and Brida, Khamis Mushayt, with a production capacity of about 233 thousand tons, and operates 353 workers, while reaching the production capacity of actual companies by the end of 2010 to about 170.4 thousand tons.
Production capacity of the companyBranchNumber of employeesProduction capacity (thousand tons)The actual capacity of 2010(Thousand tons)Saudi Factory for wire galvanized Riyadh157124.8795.83Factory wires Gulf Riyadh5650.2341.59Riyadh factory tie-down wires3629.8513.88Small branch in Riyadh2014.2910.38Technical branch in Riyadh *50.770.56Factory metal wire - Buraidah304.782.22Factory wire mesh fencing and columns - Jeddah386.114.25Factory wire mesh fencing and columns - Khamis Mushayt112.331.70Total353233.23170.41
* Last branch was attached to the company was buying the factory with its assets and trade name for $ 6.2 million riyals.
Company InfoCompanyEtihad factories wireMarketSaudi Stock MarketThe company's workIndustry WireThe case of companyListPaid-up capital of the company325 million riyalsSubscription informationNumber of shares offered9.75 million shares (30%)Issue priceSR 34Size version331.5 million riyalsEligible for subscriptionSaudi citizens and investment fundsMinimum10 shares for individuals and 100 thousand shares to institutionsCeiling100 thousand shares to individuals and there is no upper limit to the institutionsIPO Date08/01/2011 to 08/07/2011Additional InformationLead ManagerFalcomReceiving BanksFalcom Saudi Fransi, Al Rajhi Bank, Consultative Group, Riyad Bank, Arab National Bank, First Geojit, Samba, and the feasibility of the investment.Financial AdvisorFalcomThe use of IPO proceedsWill be distributed the net proceeds from the IPO, after deducting underwriting fees of $ 17 million riyals to shareholders vendors, according to the number of shares held by a shareholder of Seller the portion of shares offered for subscription, the company will not receive any part of the proceeds from the IPO.
