27-05-2025
Middle East's First IPO Since Tariff Turmoil Sees Choppy Debut
Saudi packaging manufacturer United Carton Industries Co.'s stock climbed amid a mixed debut in Riyadh, a sign that broader market turbulence may be impacting Middle Eastern listings.
Shares in the firm rose 2% to 51 riyals apiece mid-morning on Tuesday, after soaring as much as 9%. At one point, the shares dropped to 49 riyals, a 2% dip from the offer price.
