Logo ofUnited 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 distributed over 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 offeringwill 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.
The Capital Market Authority (CMA) approved the company’s application to float its shares on theMainMarket in last December.
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:
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, double-folding cardboard, pulp products, and paperboard industries.
Company Profile
Company
United Carton Industries Co. (UCIC)
Core Activities
Catron products
Capital
SAR 400 mln
Number of Shares
40 mln
Share Par Value
SAR 10
IPO Summary
Offering 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
Offering period
From May 12-13, 2025
Final allocation announcement
May 18, 2025
Refund (if any)
May 18, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln shares)
Ownership
(%)
Number of Shares
(mln shares)
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 %
**Eastern Industrial Investment owns 1% of Zamil Group Holding
Additional Information
Financial Advisor, Lead Manager, Bookrunner and Underwriter
Al Rajhi Capital
Receiving Banks
Derayah Financial, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Alinma Investment, Riyad Capital, Albilad Capital, AlJazira Capital, ANB Capital, Alistithmar Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital and GIB Capital
Prospectus of United Carton Industries
Logo ofUnited 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 distributed over 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 offeringwill 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.
The Capital Market Authority (CMA) approved the company’s application to float its shares on theMainMarket in last December.
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:
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, double-folding cardboard, pulp products, and paperboard industries.
Company Profile
Company
United Carton Industries Co. (UCIC)
Core Activities
Catron products
Capital
SAR 400 mln
Number of Shares
40 mln
Share Par Value
SAR 10
IPO Summary
Offering 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
Offering period
From May 12-13, 2025
Final allocation announcement
May 18, 2025
Refund (if any)
May 18, 2025
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln shares)
Ownership
(%)
Number of Shares
(mln shares)
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 %
**Eastern Industrial Investment owns 1% of Zamil Group Holding
Additional Information
Financial Advisor, Lead Manager, Bookrunner and Underwriter
Al Rajhi Capital
Receiving Banks
Derayah Financial, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Alinma Investment, Riyad Capital, Albilad Capital, AlJazira Capital, ANB Capital, Alistithmar Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Sahm Capital and GIB Capital
