Al Khaldi Logistics cancels IPO on Nomu

03/06/2025 Argaam
Logo of Al Khaldi Logistics Co.

Logo of Al Khaldi Logistics Co.

Yaqeen Capital, the financial advisor and lead manager for Al Khaldi Logistics Co.’s planned initial public offering (IPO) on the Nomu-Parallel Market, said the offering was not completed.

 

In a statement to Tadawul on today, June 3, the company said the share subscription is considered void, and all collected funds will be refunded to investors by no later than June 4.

 

For More IPOs

 

According to data available with Argaam, the subscription by qualified investors for 1.05 million shares in Al Khaldi Logistics ended on June 1. The offered shares represented 7% of the company’s SAR 150 million capital (15 million shares), with a price range set between SAR 44 and SAR 47 per share.

 

Al Khaldi Logistics operates in general contracting, fuel trading, and freight transportation.

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