Latest news with #AlbiladCapital
Arab News
29-05-2025
- Business
- Arab News
flynas launches retail subscription for IPO
flynas Company, one of the leading low-cost carriers in the Middle East and North Africa region, has announced the opening of its retail subscription period for individual investors as part of its initial public offering on the Saudi Exchange. The final offer price has been set at SR80 ($21) per share, marking the top end of the previously announced price range. This follows an overwhelming response from institutional investors, with the institutional tranche oversubscribed approximately 100 times, attracting SR409 billion in orders from local and international investors. Retail investors have access to 10,251,114 shares, representing 20 percent of the total offering, while institutional investors have been allocated the remaining 80 percent. Subscriptions can be made through a wide network of receiving banks and capital market institutions, including: Albilad Capital, Alinma Capital, Alistithmar Capital, Al-Jazira Capital, Alkhabeer Capital, Al-Rajhi Capital, ANB Capital, BSF Capital, Derayah Financial, GIB Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital. The retail subscription window will run from May 28 to June 1. Allocation will be completed by June 3 and refunds by June 5.
Arabian Business
28-05-2025
- Business
- Arabian Business
Flynas IPO attracted $109bn in orders, retail subscription open
Saudi Arabia's flynas has announced the opening of its retail subscription period for individual investors as part of its initial public Offering (IPO) on the Saudi Exchange. The final flynas offer price has been set at SR80 per share, marking the top end of the previously announced price range. This follows an overwhelming response from institutional investors, with the institutional tranche oversubscribed approximately 100 times, attracting SR409bn ($109bn) in orders from local and international investors. Flynas IPO Retail investors have access to 10,251,114 shares, representing 20 per cent of the total offering, while institutional investors have been allocated the remaining 80 per cent. Subscriptions can be made through a wide network of receiving banks and capital market institutions, including: Albilad Capital Alinma Capital Alistithmar Capital Al Jazira Capital Alkhabeer Capital Al Rajhi Capital ANB Capital BSF Capital Derayah Financial GIB Capital Riyad Capital SAB Invest Sahm Capital SNB Capital Yaqeen Capital The retail subscription window will run until Sunday, 1 June 2025. Allocation will be completed by Tuesday, June 3 and refunds by Thursday, June 5.
Zawya
16-05-2025
- Business
- Zawya
Saudi Arabia's Bank Albilad launches $650mln USD AT1 sukuk
Saudi Arabian lender Bank Albilad launched its $650 million debut USD-denominated 5.5-year AT1 sukuk, with the pricing tightened to 6.5% from IPTs that were in the 6.75% area. The perpetual non-call mudaraba offering had a final book size greater than $2.5 billion, excluding JLM interest. The sukuk is being issued under the lender's $2 billion AT1 capital sukuk programme. Albilad Capital and HSBC Bank plc are global coordinators and joint lead managers while Emirates NBD Capital and Goldman Sachs International are joint lead managers. The net proceeds will be used by the bank to improve its Tier 1 capital and for general banking purposes. The offering will be listed on London Stock Exchange's International Securities Market. Bank Albilad is rated A2 by Moody's (Stable) and A- by Fitch (Stable). (Writing by Bindu Rai, editing by Daniel Luiz)
Zawya
15-05-2025
- Business
- Zawya
IPTs out for Saudi Bank Albilad's debut AT1 sukuk
Saudi Arabia's Bank Albilad has launched its debut USD-denominated AT1 sukuk--expected to be sized at $500 million--with IPTs in the 6.750% area. The perpetual non-call 5.5 years (subject to early redemption) mudaraba sukuk is being issued under the lender's $2 billion AT1 capital sukuk programme. Albilad Capital and HSBC Bank plc are global coordinators and joint lead managers while Emirates NBD Capital and Goldman Sachs International are joint lead managers. Albilad Bank is rated A2 (Stable) by Moody's / A- (stable) by Fitch. The sukuk will be listed on London Stock Exchange's International Securities Market. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
26-03-2025
- Business
- Zawya
Umm Al Qura hits 30% maximum lift on debut: IFR
Shares of Umm Al Qura for Development and Construction rose by the maximum 30% on Monday's Tadawul debut following its SR1.96bn (US$523m) IPO. Institutional demand for the IPO was more than US$125bn, while retail demand topped US$1bn. Shares priced at the top of the SR14–SR15 range and retail received 10% of the deal. The deal is novel in comprising only primary shares but, reassuringly for the development of the Saudi market, demand was just as strong as secondary share sales. The stock opened on Monday at SR16.50 and quickly hit the SR19.50 maximum, where it closed. Just under 10m shares changed hands, approximately 7.6% of the 130.8m shares offered for a 9.1% free-float. Proceeds will be used for a real estate development in Mecca, including accommodation, retail outlets and public amenities. Albilad Capital was lead manager, and joint bookrunner with Alinma Investment Company, Al Rajhi Capital and GIB Capital. Lazard advised.
