Latest news with #UnitedCartonIndustriesCo
Bloomberg
27-05-2025
- Business
- Bloomberg
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.
Argaam
05-05-2025
- Business
- Argaam
UCIC prices IPO at SAR 50/share on TASI
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), completed the book-building process for the participating parties tranche. In a statement on Tadawul, Al Rajhi Capital said the price range was set at SAR 50 per share, with a coverage level of approximately 126x of the total offer shares. UCIC plans to offer 12 million shares, or 30% of the company's capital of SAR 400 million, on Tadawul. UCIC's 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 and a maximum of 2.4 million shares will be allocated to individuals.
Argaam
22-04-2025
- Business
- Argaam
UCIC sets TASI IPO price range at SAR 47-50/share
United Carton Industries Co. (UCIC) set the price range for the initial public offering (IPO) on the Main Market (TASI) and announced the start of the book-building process for participating parties. In a statement on Tadawul, Al Rajhi Capital, the financial advisor, bookrunner, lead manager, and underwriter on the IPO said the price range was set between SAR 47 and SAR 50 per share. The book-building process and subscription period for participating entities will run from April 22-28. UCIC plans to offer 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 per share, Argaam data showed. The retail offering will run for two days from May 12-13.
Argaam
15-04-2025
- Business
- 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
