UCIC debuts on TASI today at SAR 50/share
United Carton Industries Co. (UCIC) starts trading on the Main Market (TASI) today, May 27, under the symbol 1323 and ISIN Code SA16AGP0KLH7, at a price of SAR 50 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
UCIC is the sixth listing on TASI in 2025 after Almoosa Health Co. on Jan. 7, Nice One Beauty Digital Marketing Co. on Jan. 8, Derayah Financial Co. on March 10, Arabian Company for Agricultural & Industrial Investments (Entaj) on March 17 and Umm Al Qura for Development and Construction Co. (UQDC) on March 24.
In 2024, 13 companies listed on Tadawul, in addition to Alistithmar AREIC Diversified REIT Fund.
Following UCIC listing, the number of companies listed on TASI reached 235, along with 19 real estate traded funds.
The company offered 12 million shares, or 30% of its capital, on TASI. It allocated 80% of the shares on offer to institutional investors, while the remaining 20% was set aside for retail investors.
The retail IPO was 8.9x covered, with retail requests of nearly SAR 1.07 billion.
Meanwhile, institutional IPO was 126x oversubscribed. A minimum of six shares was allocated to each investor, while the remaining shares will be allocated on pro rata, with an average allocation factor of 0.1072%.
Company info
UCIC is a closed joint-stock company in Saudi Arabia, established in 1988 in Jeddah.
The company's capital is SAR 400 million, divided into 40 million shares at a par value of SAR 10 per share.
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership
(%)
Number of Shares
(mln)
Ownership
(%)
Zamil Group Holding*
12.00
30.0 %
8.40
21.0 %
Omar Kassem Alesayi & Co.
12.00
30.0 %
8.40
21.0 %
Frimex Investment
12.00
30.0 %
8.40
21.0 %
Zamil Group Investment Co.
2.00
5.0 %
1.40
3.5 %
Eastern Industrial Investment**
2.00
5.0 %
1.40
3.5 %
Public
--
--
12.00
30.0 %
Total
40.00
100 %
40.00
100 %
*Zamil Group Holding fully owns Zamil Group Investment Co.
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