KDL Logistics extends subscription period until Dec. 16

Logo of  Khaled Dhafer & Brother’s Logistics Services Co. (KDL Logistics)

Khaled Dhafer & Brother’s Logistics Services Co. (KDL Logistics) extended the subscription period on Nomu-Parallel Market to Dec. 16.

The company published a supplementary prospectus that included an amendment to the offering period, which now spans 16 business days, starting Nov. 30.

The dates for announcing the final allocation and refunding any excess funds, if applicable, were also amended.

Qualified investors began subscribing to 700,000 shares of KDL Logistics on the Nomu on Nov. 30, according to Argaam data.

The price was set at SAR 23 per share, and the subscription period was set to run for four business days to end Dec. 3.

KDL Logistics has SAR 35 million in capital, divided into 3.5 million shares at a par value of SAR 10 each.

The shares offered represent 20% of the company’s capital before the subscription.