Logo ofUnited Carton Industries Co. (UCIC)
United Carton Industries Co. (UCIC) starts trading on the Main Market (TASI) today, May 27, under the symbol 1323 and ISIN Code SA16AGP0KLH7, at 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.
UCIC is the sixth listing on TASI in 2025 afterAlmoosa Health Co.on Jan. 7,Nice One Beauty Digital Marketing Co.on Jan. 8, DerayahFinancial 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 onTadawul, in addition toAlistithmar AREIC Diversified REIT Fund.
Following the UCIC listing, the number of companies listed on TASI reached 235, along with 19 real estate traded funds (REITs).
The company offered 12 million shares, or 30% of its capital, on TASI. It allocated 80% of the shares to institutional investors, while the remaining 20% was set aside for retail investors.
The retail IPO was 8.9x covered, with the order book reaching 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 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 Profile
Company
United Carton Industries Co. (UCIC)
Core Activities
Carton products
Capital
SAR 400 mln
Number of Shares
40 mln
Share Par Value
SAR 10
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership
(%)
Number of Shares
(mln)
Ownership
(%)
Zamil Group Holding Co.*
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 Co.**
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
Logo ofUnited Carton Industries Co. (UCIC)
United Carton Industries Co. (UCIC) starts trading on the Main Market (TASI) today, May 27, under the symbol 1323 and ISIN Code SA16AGP0KLH7, at 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.
UCIC is the sixth listing on TASI in 2025 afterAlmoosa Health Co.on Jan. 7,Nice One Beauty Digital Marketing Co.on Jan. 8, DerayahFinancial 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 onTadawul, in addition toAlistithmar AREIC Diversified REIT Fund.
Following the UCIC listing, the number of companies listed on TASI reached 235, along with 19 real estate traded funds (REITs).
The company offered 12 million shares, or 30% of its capital, on TASI. It allocated 80% of the shares to institutional investors, while the remaining 20% was set aside for retail investors.
The retail IPO was 8.9x covered, with the order book reaching 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 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 Profile
Company
United Carton Industries Co. (UCIC)
Core Activities
Carton products
Capital
SAR 400 mln
Number of Shares
40 mln
Share Par Value
SAR 10
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln)
Ownership
(%)
Number of Shares
(mln)
Ownership
(%)
Zamil Group Holding Co.*
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 Co.**
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
