Business News Details

113 billion riyals proceeds of 99 public offering in the stock market in 11 years
13/08/2017

The companies public offering after 14 months of absence have returned 30% of Zahrat Al Waha Trading Company, which starts today, to the 900,000 shares of the company, and will be extended until August 20 at a price of SR 51 per share. Share of financial institutions and investment funds.
According to the analysis of the report unit in the newspaper "Economic", the number of companies in the main market since 2006 (during 11 years) 99 initial offer with proceeds of IPO by 112.7 billion riyals.
While the main stock market has not seen any companies since Lazurde, which ended on June 13, 2016, ie about 14 months ago, while the period saw the launch of only four real estate funds traded, including the Riyadh Riyat Fund in 2016, while funds "Al Jazeera is home to Rit," "Feasibility of the Retina of the Two Holy Mosques" and "Education of Reit" during the current year 2017.
The listed real estate funds are not listed on the Saudi Stock Exchange (Tadawul) and are therefore not included in the report. It does not include the "parallel" market, as it focuses on the main market for accurate comparison between years.
Between 2007 and the end of 2016, 92 companies were listed in the main market, the largest in 2007 with 25 companies, followed by 16 companies in 2008, with the lowest in 2015 at only three companies.
The Saudi stock market witnessed 99 initial offerings (IPO) from 2006 until the end of last year 2016, with proceeds amounting to 112.7 billion riyals in ten years.
According to the "Economic" analysis, in 2008 it accounted the proceeds of subscriptions, by 32%, and with receipts of SR 36.4 billion, which were collected through 13 subscriptions.
In 2007, IPOs issued 26 initial offerings in one year, representing 26 per cent of the total number of IPOs during the period, amounting to SR18 billion.
The total number of IPOs in the year 2016, three offerings, with proceeds of SR 2.8 billion, namely: Lazurde Jewelery, Al Yamama Steel Industries and Middle East Healthcare.
In 2015, four initial offerings were offered with a total subscription of SAR 4.2 billion. These include: Al Andalus Real Estate Company, Saudi Land Services, Saudi Tools and Tools, Middle East Paper Manufacturing and Production.
IPO receipts during the year 2014 were SR 25.2 billion, the second largest IPO during the period, at SR 25.2 billion, through six initial offerings, which accounted for 22 per cent of the IPO proceeds over the last 10 years.
The National Commercial Bank (NCB), the largest IPO in 2014, with a net proceeds of SR 22.5 billion, accounted for 89 per cent of the full year proceeds.
In addition to Al Ahli, five companies were launched in 2014: Electrical Industries, Al Hammadi for Development and Investment, Abdul Muhsen Al Hukair for Tourism and Development, Um Al Qura Cement and Saudi Marketing.
In 2013, five companies were issued with a net proceeds of SAR 2 billion. The companies are Poan, American International Group, Arab National Cooperative Insurance Company, Al Jazira Takaful Cooperative Company, National Medical Care Company and Northern Region Cement Company.
Seven companies were launched in 2012, with proceeds of SR 5.3 billion. These include Dallah Health Services Holding Company, Madina Cement Company, Saudi Airlines Catering Company, Al Tayyar Travel Group Holding, Najran Cement Company, Al Enmaa Tokyo Marine Company, .
2011 saw five initial offerings, with IPO receipts amounting to SR 1.6 billion, equivalent to 1 per cent of IPO over the last 10 years and 5 percent in terms of number of companies offered.
In 2010, nine companies were offered with SR 3.8 billion, equivalent to 3 percent of the IPO proceeds in the Saudi market since 2007 until the end of 2016, and 9 per cent of the number of companies offered for the same period.
In 2009, 11 Saudi companies were offered with SR 2.9 billion, equivalent to 3 percent of the proceeds of the IPO, representing 11 per cent of the total number of companies offered for the same period.

113 billion riyals proceeds of 99 public offering in the stock market in 11 years