UCIC Set for Tadawul IPO Debut

Deal News | Apr 16, 2025 | Zawya

UCIC Set for Tadawul IPO Debut

United Carton Industries Company (UCIC), a leading Saudi Arabian corrugated carton manufacturer, has announced its decision to proceed with an initial public offering (IPO) on the Saudi Stock Exchange, Tadawul. The IPO will consist of 12 million shares, representing a 30% stake in the company. The final share price will be determined through a book-building process. UCIC currently commands a market share of 37% to 40% in Saudi Arabia and operates eight factories with a total production capacity of approximately 491,000 metric tonnes. The listing aims to bolster UCIC's market presence and provide liquidity to its shareholders.

Sectors

  • Manufacturing
  • Capital Markets

Geography

  • Saudi Arabia – UCIC is based in Saudi Arabia, and the IPO will take place on the Saudi Stock Exchange, reflecting the article's focus on activities within this geographic region.

Industry

  • Manufacturing – The article focuses on UCIC, a company specializing in the manufacturing of corrugated cartons, highlighting its production capacity and market impact.
  • Capital Markets – UCIC's intention to list shares through an IPO on the Saudi Stock Exchange falls under the capital markets industry, demonstrating the company's financial and market expansion strategies.

Financials

  • 12 million shares, 30% stake – UCIC plans to offer 12 million shares representing a 30% stake in the company during its IPO.
  • 491,000 metric tonnes – UCIC's combined production capacity from its eight factories.
  • 37% to 40% market share – UCIC's current market share in Saudi Arabia.

Participants

NameRoleTypeDescription
United Carton Industries Company (UCIC)Target CompanyCompanyA leading corrugated carton manufacturer in Saudi Arabia planning to proceed with an IPO on the Tadawul market.
TadawulStock ExchangeCompanyThe Saudi Stock Exchange where UCIC plans to list its shares.