Abdul Mohsen al-Hokair’s IPO will be offered to institutional and retail investors

Abdul Mohsen al-Hokair Group for Tourism and Development will sell 16.50 million shares, or 30 percent of the company, in an initial public offering from May 28 to June 3 2014, the company said.

The IPO will be divided into two sections. The first section will be for institutional investors, including mutual funds which can subscribe to up to 100 percent of the shares or less. The second section is for Saudi retail investors who can buy up to 8.25 million shares or 50 percent of the total stocks offered, or less.

The proceeds of the IPO after subtracting the cost of SAR 26 million will be distributed to the share sellers.

The company, whose current capital is SAR 550 million, was established in 1978.

The company’s biggest shareholders are Abdul Mohsen al-Hokair & Sons Holding Company and Foras Tourism Company.

Major Shareholders after IPO
Stake %	Number of shares (million)	Shareholders
31.5%	17.325	Abdulmohsen Al-Hokair &sons Holding Co.
24.5%	13.475	Foras Tourism Co.
12.5%	6.856	Abdulmohsen Abulaziz Al-Hokair
0.5%	0.281	Bandar Khaled Abdulmohsen Al-Hokair
0.5%	0.281	Badr Khaled Abdulmohsen Al-Hokair
0.5%	0.281	Ahmed Khaled Abdulmohsen Al-Hokair
30.0%	16.50	Public shareholders
100.0%	55.00	Total

Company’s profile
Abdulmohsen Al-Hokair Tourism and Development Group	Company
Saudi Stock Market	Market
Establishing, managing, operating and maintenance of entertainment centers, tourist and health resorts, restaurants, cafes, lounges, parks, hotels, malls, training & educational centers and tourism services.	Core business
outstanding	status
SAR 550m	Capital

IPO Profile
30%	IPO %
16.5m shares	No. of shares offered
To be determined later	Issuing price
----	Gross IPO Proceeds
Individuals and institutions	Eligible for IPO
Institutions: 100,000 shares Individuals: 10 shares	Minimum
Institutions: 2.750m shares Individuals: 250,000 shares	Maximum
May 20, 2014	Last date for institutions’ IPO
May 28 to June 3, 2014	IPO Date
June 10, 2014	Allocation date
June 10, 2014	Re-underwriting Date

Additional information
Saudi Faransi Capital		Lead manager and financial advisor
Al-Jazira bank, Riyad Bank- AlRajhi Bank- SAMBA- NCB- SFB- Saudi investment Bank- Gadwa Investment- Arab national bank		Receiving Banks
Distributed to selling shareholders after deducting IPO expenses of SAR 26m		The use of Net IPO proceeds

Income Statement Summary (2011-2013)
2013	2012	2011	year
880.1	811.6	722.6	Revenue (SAR million)
325.9	309.9	275.7	Gross Profit (SAR million)
37 %	38 %	38 %	Gross profit margin
195.7	185.8	175.8	Net Profit (SAR million)
55	55	55	Average number of shares (million)
3.56	3.38	3.19	Earnings per share (SAR/share)

Balance sheet (2011-2013)
2013	2012	2011	year
1214.7	1000.9	1222.4	Assets (SAR million)
457.9	422.6	395.8	Liabilities (SAR million)
550.0	407.5	407.5	Capital (SAR million)
758.6	578.4	826.5	Shareholders’ equity (SAR million)

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