The presentation of the institutions with the subscription of the ‘United Cartoon Industries’ Saudi Arabia three times

The Saudi packaging business “United Cartoon Industries” received a great demand for its first year of 600 million Riyals (160 million dollars), according to persons familiar with the matter, citing the strong demand for induction in the kingdom in the face of the volatile markets. The order record was covered about three times on the upper boundary of the scope of the pricing of 50 Riyals per share, according to people who are familiar with the case, who asked not to reveal their identity for the privacy of information. They added that the company received purchase requests on all the shares offered during the first hour of the opening of the subscription door. A representative of the company refused to comment. According to the subscription Bulletin, the first subscription after Trump fees, ‘United Cartoon Industries’, offered 12 million shares for sale, equivalent to 30% of its capital. It should be noted that the ‘United Cartoon Industries’ is the first to test the primary public subscription market in the Middle East in the aftermath of the sale wave that hit shares after US President Donald Trump announced the comprehensive customs duties on April 2. The Middle East region has seen momentum in subscriptions over the past few years, while the volumes in other stock markets were weak. Saudi businesses, including the economic airline “Flynas”, the technology company “Ijada Systems” and the SMC Hospital Company (SMC), to hold preliminary public subscriptions in the coming weeks, according to Bloomberg. Bankers who specialize in the Middle East said that the subscriptions that were in fact not largely influenced by the disturbances associated with customs tariffs, but warned that the ongoing decline in oil prices was a challenge for the energy dependent area. The United Cartoon Industries earned revenue of 1.3 billion rows in 2024, controlling to 40% of the corrugated cartoon products in Saudi Arabia, according to Bulletin’s presentation. Al -Rajhi Financial acts as the financial adviser, the director of subscription, the coverage contractor and the director of the set -up record of the institution.