Cherry IPO: Institution 85.6x Oversubscribed at SAR 28 – Retail Window Opens Soon!

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BSF Capital and EFG Hermes KSA, serving as the joint Financial Advisors, Co-Underwriters, and joint Bookrunners for the Initial Public Offering (IPO) of Cherry Trading Company ("Cherry" or "the Company"), have announced the successful completion of the book-building process for the institutional tranche of the offered shares. 

The final offer price has been set at SAR 28.00 per share, achieving an impressive coverage of 85.6x.

Key Next Steps for Individual Investors

  • Up to 20% of the total shares offered for subscription will be allocated to individual subscribers.
  • Saudi Fransi Capital, acting as Lead Manager, has coordinated with receiving agents including Sahm Capital, to finalize all preparations for handling subscriptions from the individual investors' tranche.
  • The subscription period will run for two days, from Wednesday, November 12, 2025, to Thursday, November 13, 2025.

Where to Find More Details

Our previous coverage: A New Saudi IPO is Here: Cherry Trading. Learn Details & How to Subscribe on Sahm

The prospectus is available on the website of the Capital Market Authority (www.cma.org.sa).

Additional information can be found on Cherry’s IPO microsite (www.cherry.com.sa).

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