Al-Sudais names Aldukheil Group as direct listing advisor on Nomu

09/07/2020 Argaam

Al-Sudais Transportation (Al-Sudais) appointed Aldukheil Financial Group as financial advisor to be directly listed on Saudi Arabia’s Nomu Parallel Market.

 

Aldukheil is working with Al-Sudais to finalize the regulatory requirements and obtain the Capital Market Authority’s approval to list the company's shares, according to Aldukheil’s statement to Argaam.

 

The agreement was signed between Aldukheil’s CEO, Mohammed Abdulaziz Aldukheil, and CEO of Al-Sudais, Ali bin Mohammed Al-Hudhaif.

 

In 1968, Al-Sudais was established to specialize in transporting petroleum materials, cement, and goods.

 

Al-Sudais is an approved and qualified carrier with Saudi Aramco and Saudi Electricity Co. in addition to some military sectors, the statement added.

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