UCIC prices IPO at SAR 50/share on TASI

05/05/2025 Argaam
Logo ofUnited Carton Industries Co. (UCIC)

Logo of United Carton Industries Co. (UCIC)

Al Rajhi Capital, in its capacity as the financial advisor, bookrunner, underwriter, and lead manager for the initial public offering (IPO) of United Carton Industries Co. (UCIC) on the Main Market (TASI), completed the book-building process for the participating parties tranche.

 

In a statement on Tadawul, Al Rajhi Capital said the final price was set at SAR 50 per share, with the IPO oversubscribed by 126x.

 

For More IPOs

 

UCIC plans to offer 12 million shares, or 30% of the company’s SAR 400 million capital, on TASI. Its capital is divided into 40 million shares at a par value of SAR 10 per share, Argaam data showed.

 

The retail offering will run for two days from May 12-13, with a maximum of 2.4 million shares allocated to this tranche.

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