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United Carton Industries issues prospectus to list 12M shares on TASI
AI Summary
Logo of United Carton Industries Co. (UCIC)
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 per share.
The IPO price will be determined after the book-building process.
The retail offering will run for two days from May 12-13.
The subscription is limited to two categories of investors:
Category (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
Category (B): Individual investors: this tranche comprises Saudi nationals, and any non-Saudi natural person who is a resident in the Kingdom or 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 category, representing 20% of the total shares offered.
The company was established in 1988 and operates in the corrugated cardboard, folding carton (duplex), pulp products, and containerboard (paper).
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Company Profile |
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Company |
United Carton Industries Co. (UCIC) |
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Core Activities |
Carton products |
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Capital |
SAR 400 mln |
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Number of Shares |
40 mln |
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Share Par Value |
SAR 10 |
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IPO Summary |
|
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Offering Percentage |
30% |
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Offered shares |
12 mln shares |
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Total No. of Shares Offered to Individual Investors |
2.4 mln shares (20% of the offering size) |
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IPO Minimum Limit (Participating Entities) |
100,000 shares |
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IPO Minimum Limit (Individual Subscribers) |
10 shares |
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IPO Maximum Limit (Participating Entities) |
1.99 mln shares |
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IPO Maximum Limit (Individual Subscribers) |
400,000 shares |
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Offering period |
From May 12-13, 2025 |
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Final allocation announcement |
May 18, 2025 |
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Refund (if any) |
May 18, 2025 |
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Company Shareholders |
||||
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Shareholders |
Before IPO |
After IPO |
||
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Number of Shares (mln) |
Ownership (%) |
Number of Shares (mln) |
Ownership (%) |
|
|
Zamil Group Holding* |
12.00 |
30.0 % |
8.40 |
21.0 % |
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Omar Kassem Alesayi & Co. |
12.00 |
30.0 % |
8.40 |
21.0 % |
|
Frimex Investment |
12.00 |
30.0 % |
8.40 |
21.0 % |
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Zamil Group Investment Co. |
2.00 |
5.0 % |
1.40 |
3.5 % |
|
Eastern Industrial Investment** |
2.00 |
5.0 % |
1.40 |
3.5 % |
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Public |
-- |
-- |
12.00 |
30.0 % |
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Total |
40.00 |
100 % |
40.00 |
100 % |
**Eastern Industrial Investment owns 1% of Zamil Group Holding
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Additional Information |
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Financial Advisor, Lead Manager, Bookrunner and Underwriter |
Al Rajhi Capital |
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Receiving Banks |
Derayah Financial, Al Rajhi Capital, SNB Capital, BSF Capital, Alinma Investment, Riyad Capital, Albilad Capital, AlJazira Capital, ANB Capital, Alistithmar Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital and GIB Capital |
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