Saudi Arabia’s Number One company, Kingdom Holding Company (“KHC”), one of the world’s largest and most diversified private investment groups will start its initial public offering (“IPO”) Tuesday 10 July 2007 for public and institutional subscription.
In total, KHC is offering 315 million shares representing 5% of which 50% will be offered to individual investors. The IPO opens for subscription for 9 days starting on 10 July 2007 and close on 18 July 2007. The minimum share allotment is 50 shares of SR 10.25 each with no limit on the maximum number of shares that can be subscribed for.
The prospectus and details of how to subscribe are available at KHC’s website (www.kingdom.com.sa) the CMA website (www.cma.org.sa) and Samba’s website (www.samba.com). The receiving banks where Subscription Application Forms will be available and subscriptions can be processed are Samba Financial Group, Riyad Bank, Arab National Bank, Banque Saudi Fransi, SABB and The Saudi Investment Bank..
KHC is one of the largest and most diversified private investment companies with holdings in some of the world’s best known companies and premier brands. It is managed by its Investment Committee chaired by HRH Prince Alwaleed and consists of Talal Almaiman, Executive Director - Development & Domestic Investments, PJ Shoucair, Executive Director - International Investments, Ahmed Halawani, Executive Director - Private Equity and Shadi Sanbar, CFO. KHC focuses on investing in high performance companies with leading brand names.
Commenting on the opening of the IPO HRH Prince Alwaleed said: “With this IPO, we will give the people of Saudi Arabia a chance to invest in its number one company. A chance to invest in a one of the world’s most successful and diversified business organizations. A chance to join me in growing KHC to ever greater heights. I look forward to welcoming the Saudi public into KHC as shareholders and sharing our future together.”
Essa Al Essa, Samba’s CEO, commented: “This IPO marks another landmark in the history of the Tadawul and its development as a capital market. KHC is a company of the highest quality, well respected, extremely successful and becoming even more deeply (entrenched) entwined in the Saudi economy by listing its shares on the Tadawul and sharing its success with the Saudi people. I am very much looking forward to this exciting IPO which adds to the long list of distinguished and important IPOs advised by Samba in Saudi Arabia”. |
