UCIC shares to debut on TASI on May 27

26/05/2025 Argaam
UCIC production line

UCIC production line

The Saudi Exchange (Tadawul) announced that shares of United Carton Industries Co. (UCIC) will be listed and start trading on the Main Market (TASI) on May 27, with the symbol 1323 and ISIN Code SA16AGP0KLH7.

 

The stock will trade with daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively, during 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.

 

For More IPOs

 

In a separate statement, the Securities Depository Center Co. (Edaa) announced the deposit of UCIC subscribed securities into the accounts of eligible shareholders today, May 26.

 

UCIC issued 2.4 million shares to retail investors, representing 20% of the total 12 million shares offered, at SAR 50 each, according to data available with Argaam.

 

The company operates with SAR 400 million in capital, divided into 40 million shares, at a nominal value of SAR 10 each.

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