Logo of Saudi Tadawul Group Holding
Saudi Tadawul Group Holding Co. will begin trading on the Saudi Exchange (Tadawul) today, Dec. 8, under the diversified financials sector, with the symbol 1111 and ISIN Code: SA15DHKGHBH4.
The stock will have daily price fluctuation limits of +/- 30% and static fluctuation limits of +/- 10%.
These fluctuation limits will apply in the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, and the static price fluctuation limits will no longer apply.
Saudi Tadawul Group’s will be the eighth IPO on Tadawul in 2021, following Alkhorayef Water & Power Technologies Co. on March 1, Theeb Rent a Car Co. (March 29), Tanmiah Food Co. (Aug. 4), solutions (Sept. 30), International Company for Power and Water Projects (ACWA Power) (Oct. 11), Arabian Contracting Services Co. (Al Arabia) (Nov. 15) and Nayifat Finance Co. (Nov. 22).
The Saudi market saw three IPOs in 2020, namely Dr. Sulaiman Al-Habib Medical Services Group in March, Amlak International for Real Estate Finance Co. in July, and BinDawood Holding Co. in October.
The group will bring the total number of Tadawul-listed companies to 192, excluding the 17 real estate investment traded funds (REITs).
The company offered 36 million shares, allocating 70% of the total offered shares to institutional investors, which was 121% oversubscribed.
The remaining 30% were allocated to retail subscribers (10.8 million shares at SAR 105/share, with minimum limit set at 10 shares per subscriber).
Company Profile
Saudi Tadawul Group was established in Riyadh as a Saudi joint stock company in 2007 with a capital of SAR 1.2 billion, wholly owned by the Public Investment Fund (PIF).
On May 20, it converted to a holding company named Saudi Tadawul Group, in preparation for its IPO this year.
The company's principal activities include managing and supporting subsidiaries or participating in the management of other companies where it owns shares. It also invests its funds in shares and other securities, along with owning real estate and other properties in connection with its businesses, granting loans, guarantees and financing to its subsidiaries, and owning and leasing industrial property rights to its subsidiaries or other companies.
The group provides securities products and services, including listing, trading, settlement, clearing, market information, indices, custody, and registration services for marketable and non-marketable securities.
It also provides post-trading services such as mortgage, general assembly management, electronic voting, corporate procedures, dividend distribution, etc., as well as market and IT solutions.
Trading related services accounted for 78% of the group's total revenue. The following table indicates the group's revenue according to the services it provides:
|
Revenue By Service Provided |
|
|
Service |
Share of total revenue as of June 30, 2021 |
|
Trading |
78 % |
|
Listing |
6 % |
|
Depository and registration |
9 % |
|
Market information |
7 % |
|
Company Profile |
|
|
Company |
Saudi Tadawul Group Holding |
|
Market |
Saudi Exchange (Tadawul) |
|
Core Activities |
A holding company that includes four subsidiaries, namely the Saudi Exchange (Tadawul), Securities Clearing Center (Muqassa), Securities Depository Center (Edaa) and Wamid |
|
Capital |
SAR 1.2 bln |
|
Number of shares |
120 mln shares |
Public Investment Fund (PIF) is the major shareholder in the company, as it owns 70% of it after the IPO.
|
Company Shareholders |
||||
|
Shareholders |
Before IPO |
After IPO |
||
|
Number of shares (mln shares) |
Ownership (%) |
Number of shares (mln shares) |
Ownership (%) |
|
|
Public Investment Fund |
120 |
100% |
84 |
70% |
|
Public |
-- |
-- |
36 |
30% |
|
Total |
120 |
100% |
120 |
100% |
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