Subscription to Al Khaldi Logistics 1.05M shares starts today on Nomu

Logo of Al Khaldi Logistics Co.

Qualified investors started today, May 27, subscribing to 1.05 million shares of Al Khaldi Logistics Co. on the Nomu-Parallel Market at SAR 44-47 per share.

The offered shares represent 7% of the company’s SAR 150 million capital, divided into 15 million shares, at a par value of SAR 10 per share.

For More IPOs

The share sale will run for four working days until June 1, 2025.

The offerings of Al Khaldi Logistics will bring this year’s initial public offerings (IPOs) to 18 on Nomu.

Nomu witnessed 28 IPOs last year:

In December 2024, the Capital Market Authority (CMA) approved Al Khaldi Logistics application to list and float its shares on Nomu.

The subscription is limited to certain categories of investors, including capital market institutions authorized to act on their own accounts, as well as 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 categories include 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).

They also include companies owned by the government, directly or through a portfolio managed by a person authorized to practice management operations. This is in addition to investment funds, companies, and funds established in the GCC countries.

Investors qualified to participate in the subscription include non-resident foreigners who are allowed to invest in Nomu and who meet the requirements stipulated in the guidelines for investment of non-resident foreigners in Nomu.

They also include qualified foreign financial institutions and any legal person entitled to open investment accounts inside the Kingdom and with Edaa.

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

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.

Natural persons should also have a net asset value of at least SAR 5 million and be working or have worked for at least three years in the financial sector.

They should hold a general certificate in securities dealing, approved by the CMA, and a professional certificate in the field of securities business, approved by an internationally recognized body.

Key background

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.

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