Al Khaldi Logistics issues prospectus to float 1.05M shares on Nomu

Logo of Al Khaldi Logistics Co.

Al Khaldi Logistics Co. issued today, May 7, the prospectus for offering 1.05 million shares on the Nomu-Parallel Market.

 

The company is capitalized at SAR 150 million, divided into 15 million shares at a SAR 10 par value each.

 

For More IPOs

 

The share sale will run for four working days from May 27 to June 1.

 

The Capital Market Authority (CMA) approved, in December 2024, the application received from the company to register its shares for direct listing on Nomu.

 

Al Khaldi Logistics was established in 2008 as a closed joint-stock company in Al Khobar, under the name of Mubarak Bin Zaid Al-Khalidi Sons Contracting Co. The company's primary activity is land freight transportation.

 

Company Profile 

Company 

Al Khaldi Logistics Co.

Core Activities 

Land freight transport

Market

Nomu-Parallel Market

Capital 

SAR 150 mln

Number of Shares 

15 mln

Nominal Value 

SAR 10

 

IPO Summary

Issue Percentage

7%

Offered Shares

1.05 mln

IPO Minimum Limit

10 shares

IPO Maximum Limit

749,990 shares

Offer Period

May 27-June 1, 2025.

Final Allocation

June 3, 2025

Surplus Refund (if any)

June 4, 2025
 

Company Shareholders

Shareholders

Before IPO

After IPO

Number of Shares

(mln)

Ownership (%)

Number of Shares

(mln)

Ownership (%)

Al Khaldi Holding Co.*

10.50

70%

10.50

70%

Al Khaldi Investment Co.

4.50

30%

3.45

23%

Qualified investors

--

--

1.05

7%

Total

15.00

100%

15.00

100%
 *Al Khalidi Holding Co. has indirect ownership through its 100% holding of Al Khalidi Investment Co., which holds a 30% stake in the issuer’s capital.

 

Additional Information

Financial Advisor & Lead Manager

Yaqeen Capital

Receiving Entities

Derayah Financial, Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, Al Rajhi Capital, BSF Capital, Alinma Investment, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital

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