
Entaj to debut on TASI on March 17
Shares of Arabian Company for Agricultural & Industrial Investments (Entaj) will begin trading on the Main Market (TASI) on March 17 under the symbol 2287 and ISIN Code SA1690P13NH3.
The stock will trade in the first three days with a daily price fluctuation limit of +/-30% and +/-10% static price fluctuation limits, Tadawul said in a statement.
The Securities Depository Center Co. (Edaa) deposited today, March 13, the subscribed shares of Entaj into shareholder accounts.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Argaam
16-04-2025
- Argaam
CMA approves Nofoth's 100% capital hike to SAR 96M
The Capital Market Authority (CMA) approved Nofoth Food Products Co. 's application to increase its capital from SAR 48 million to SAR 96 million, the market regulator said in a statement today, April 15. The capital hike will be carried out through the issuance of one bonus share for every share held by shareholders registered with the Securities Depository Center (Edaa) by the close of the second trading day after the record date, which will be determined later by Nofoth's board. The move will be funded by transferring SAR 48 million from retained earnings to the company's capital, according to the CMA. As a result, the number of shares will increase from 48 million to 96 million, reflecting an addition of 48 million shares. The market regulator stated that the company's extraordinary general meeting (EGM) should be held within six months of this approval date, provided that the company satisfies all regulatory requirements and applicable laws. Last March, Nofoth's board recommended a 100% capital increase by distributing one bonus share for every share held, according to Argaam data. The move aims to boost the company's financial strength, support expansion plans, and enhance shareholder returns by growing operations and seizing opportunities in the food sector. Nofoth's board also approved the company's transition from the Nomu-Parallel Market to the Main Market (TASI) in January.


Argaam
15-04-2025
- Argaam
United Carton Industries issues prospectus to list 12M shares on TASI
United Carton Industries Co. (UCIC) issued today, April 15, the prospectus for offering 12 million shares, or 30% of the company's capital of SAR 400 million, on the Saudi Exchange (Tadawul). UCIC's capital is divided into 40 million shares at a par value of SAR 10 each. The IPO price will be determined after the book-building process. The retail offering will run for two days from May 12-13. According to the prospectus, the book-building process and subscription period for participating entities will run from April 22 to April 28. For More IPOs In December, the Capital Market Authority (CMA) approved the company's application to float its shares on the Main Market. The company's main activity, as per its articles of association and commercial register, is represented in dealings in securities, investments management an fund operation, arrangement, advisory and securities custody. The subscription is limited to two categories of investors: Tranche (A): Participating parties: Those who are qualified to participate in the book building process, including investment funds, foreign companies and institutions, investors from GCC companies, and other foreign investors by virtue of swap agreements Tranche (B): Individual investors: This tranche comprises Saudi nationals, including and any non-Saudi natural person who is a resident in the Kingdom and any GCC national, who holds a bank account with one of the receiving entities, and are allowed to open an investment account. A maximum of 2.4 million shares will be allocated to this tranche, representing 20% of the total shares offered. Established in 1988, the company operates in the corrugated cardboard, double-folding cardboard, pulp products, and paperboard. IPO Summary Issue Percentage 30% Offered shares 12 mln shares Total No. of Shares Offered to Individual Investors 2.4 mln shares (20% of the offering size) IPO Minimum Limit (Participating Entities) 100,000 shares IPO Minimum Limit (Individual Subscribers) 10 shares IPO Maximum Limit (Participating Entities) 1.99 mln shares IPO Maximum Limit (Individual Subscribers) 400,000 shares Offer period From May 12-13, 2025 Final Allocation May 18, 2025 Refund (if any) May 18, 2025


Argaam
28-03-2025
- Argaam
Umm Al Qura for Development debuts on TASI today at SAR 15/share
Umm Al Qura for Development and Construction Co. (UQDC) starts trading on the Main Market (TASI) today, March 24, under the symbol 4325 and ISIN Code SA169G7I3IH8, at a price of SAR 15 per share. The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price fluctuation limits will no longer apply. For More IPOs UQDC is the fifth listing on TASI in 2025 after Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17, Almoosa Health Co. on Jan. 7, Nice One Beauty Digital Marketing Co. on Jan. 8, and Derayah Financial Co. on March 10. In 2024, 13 companies listed on Tadawul, in addition to Alistithmar AREIC Diversified REIT Fund. Following UQDC listing, the number of companies listed on TASI reached 234, along with 19 real estate traded funds. The company offered 130.79 million shares, or 9.09% of its capital, on TASI. It allocated 90% of the shares on offer to institutional investors, while the remaining 10% was set aside for retail investors. The retail IPO was 20x covered, with retail requests of nearly SAR 3.93 billion. Meanwhile, institutional IPO was 241x oversubscribed. A minimum of 10 shares was allocated to each investor, while the remaining shares will be allocated on pro rata, with an average allocation factor of 1.03%. Company info UQDC is a closed joint-stock company in Saudi Arabia, established in 2012 by royal decree. It develops real estate assets along King Abdulaziz Road in Makkah, acquiring, managing, investing in, selling, and leasing properties under the "MASAR" brand. The company's activities include land acquisition, sales, subdivision, off-plan sales, and property management. It also handles residential and commercial construction, including schools, hospitals, hotels, roads, bridges, and tunnels. UQDC's current capital stands at SAR 14.39 billion, divided into 1.44 billion shares, at SAR 10 per share. Company Profile Company Umm Al-Qura for Development & Construction Co. (UQDC) Core Activities Pre-IPO Capital SAR 13.08 bln Post-IPO Capital SAR 14.39 bln Number of Shares before IPO 1.31 bln Number of Shares after IPO 1.44 bln Share Par Value SAR 10 Company Shareholders Shareholders Before IPO After IPO Number of Shares (mln) Ownership (%) Number of Shares (mln) Ownership (%) General Organization for Social Insurance 345.98 26.45% 345.98 24.05% Public Investment Fund 282.30 21.59% 282.30 19.62% Dallah Albaraka Holding 103.11 7.88% 103.11 7.17% Abdullah Saleh Abdullah Kamel* 56.30 4.30% 56.30 3.91% Real Estate Development Co.* 53.22 4.07% 53.22 3.70% Dallah Trans Arabia Co.* 43.00 3.29% 43.00 2.99% Mabahij Al Arabia for Real Estate Development Co. Ltd.* 38.78 2.97% 38.78 2.70% Al Mawajid International for Real Estate Development Co. Ltd. 13.37 1.02% 13.37 0.93% Muhiyuddin Saleh Abdullah Kamel* 12.19 0.93% 12.19 0.85% Abdullah Mohammed Abdo Abdullah Yamani* 10.20 0.78% 10.20 0.71% Dallah Al Baraka Investment Holding Co.* 0.40 0.03% 0.40 0.028% Yasser Abdulaziz Mohammed Abu Ateek 0.10 0.01% 0.10 0.007% Current shareholders classified as the public 348.90 26.68% 348.90 24.25% Public - -- 130.79 9.09% Total 1,307.86 100% 1,438.67 100%