Cherry Trading Co (Ticker: CHERRY AB) is a Saudi Arabia company specializing in car rental and leasing solution. Cherry Trading plans to list on the Saudi Exchange (TASI) on December 1, 2025, offering 9 million shares at a price of SAR 28.00 per share. The company is raising SAR 252.00 million, equivalent to approximately USD 67.18 million. At this pricing, the company reportedly has a market capitalization of USD 291.13 million. The offering represents 30% of the company’s total capital of SAR 300 million. According to filing details, the underwriters and financial advisors for the IPO are EFG-Hermes and Saudi Fransi Capital Ltd. Sources indicate strong demand for the shares, with the retail tranche reportedly 647% oversubscribed and the institutional tranche covered nearly 85.6 times.