Logo ofUnited Carton Industries Co. (UCIC)
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.
Logo ofUnited Carton Industries Co. (UCIC)
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.
