Al Khaldi Logistics sets Nomu IPO price range at SAR 44-47/share

Logo of Al Khaldi Logistics Co.

Yaqeen Capital Co. set the price range for the initial public offering (IPO) of Al Khaldi Logistics Co. on the Parallel Market (Nomu) between SAR 44 and SAR 47 per share, Yaqeen Capital, the financial advisor and bookrunner, said in a statement to Tadawul.

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According to data available with Argaam, the company plans to offer 1.05 million shares representing 7% of its capital 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.

The offering period will run for four working days, from May 27 to June 1.

The Capital Market Authority (CMA) approved in December 2024 Al Khaldi Logistics’ application 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.