Tadawul announced an update to Cherry Trading Company’s IPO. The new information sets the price range and confirms the start of the book-building period for the offering.

Key details

• Price range: SAR 27.00 to SAR 28.00 per share for the offering.
• Offering size: 9,000,000 ordinary shares, representing 30% of Cherry Trading Company’s share capital.
• Book-building participation: Limited to participating parties in accordance with the CMA’s Instructions for Book Building Process and Allocation Method in Initial Public Offerings.
• Final price: The final offer price will be determined after the completion of the book-building process.
• Retail tranche: After pricing, retail subscribers will have access to 20% of the total IPO shares. 
• Institutional book-building window: Starts on Sunday, 4 Jumada al-Ula 1447H (26 October 2025) and ends on Thursday, 8 Jumada al-Ula 1447H (30 October 2025).
• Retail Subscription window: A period of two (2) days commencing on Wednesday, 21 Jumada al-Ula 1447H (corresponding to 12 November 2025) until the end of Thursday, 22 Jumada al-Ula 1447H (corresponding to 13 November 2025).

Context for investors

• The price range provides a defined spectrum for institutional demand during the book-building phase, with final pricing to be set based on investor interest.
• The IPO remains positioned as a 30% stake in Cherry Trading Company, continuing the company’s strategy across long-term leases, short-term rentals, and used-vehicle sales in Saudi Arabia.

Follow-up

For more context on the previous overview, you can refer to the original Cherry Trading IPO article linked below.

[A New Saudi IPO is Here: Cherry Trading. Learn Details & How to Subscribe on Sahm]