KDL Logistics starts subscription to 700,000 shares on Nomu today

The share sale will run for four business days, ending Dec. 3, 2025

Subscription to 700,000 shares of Khaled Dhafer & Brother’s Logistics Services Co. (KDL Logistics) begins today, Nov.30, on the Nomu-Parallel Market. The offer price has been set at SAR 23 per share.

The offered shares account for 20% of the company’s IPO capital. It currently has capital of SAR 35 million, split into 3.5 million shares with a nominal value of SAR 10 each.

The share sale will run for four business days, ending Dec. 3.

With KDL Logistics, the number of IPOs on Nomu has reached 28 since the start of the year. Nomu witnessed 28 IPOs last year.

The subscription is limited to qualified investors, including:

- Capital market institutions authorized to act on their accounts.

- Clients of capital market institutions authorized to carry out management operations. This is provided that they are appointed under terms that enable them to take decisions related to accepting participation in the share offering and investment in Nomu on behalf of clients without prior consent.

- The Saudi government, any government or international entity approved by the CMA, the Saudi market, any other financial market recognized by the CMA, or the Securities Depository Center (Edaa).

- Companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations.

- Investment funds, companies, and funds established in the GCC countries

- Investment funds

- Natural persons are allowed to open investment accounts inside the Kingdom and with Edaa, provided they fulfill certain criteria, including the below:

1) They should have executed transactions in the securities markets worth a minimum of SAR 40 million, and at least 10 deals in each quarter during the past 12 months.

2) Natural persons should also have a net asset value of at least SAR 5 million.

3) They should be working or have worked for at least three years in the financial sector.

4) They should hold a general certificate in securities dealing, approved by the CMA.

5) They should further hold a professional certificate in the field of securities business, approved by an internationally recognized body

- Any other persons identified by the CMA.

The Capital Market Authority (CMA) approved the company’s request to offer its shares in September 2025.

KDL Logistics was established in 1980 in Riyadh. The company’s actual activities include land transport, customs clearance, land and air freight, and warehousing and storage services.

The land transport segment accounted for 82.28% of total revenues, or SAR 14.1 million, followed by the customs clearance segment with 9.4%.

Revenue by Service/Product as of March 31, 2025