AI Summary
KDL Logistics shares start trading on the Nomu-Parallel Market today
Shares of Khaled Dhafer and Brother’s Logistics Services Co. (KDL Logistics) began trading on the Nomu-Parallel Market today, Jan. 6, at SAR 23 per share, under the symbol 9653 and ISIN SA16DGBKMQH.
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
According to Argaam data, KDL Logistics floated 700,000 shares on Nomu, representing 20% of its SAR 35 million share capital, which is divided into 3.5 million shares with a par value of SAR 10.
The initial public offering (IPO) was 101.98% oversubscribed, with 298 qualified investors participating.
KDL Logistics is the first company to list on Nomu in 2026. The parallel market saw 25 IPOs last year, including one direct listing and 24 offerings to qualified investors.
With this listing, the number of companies on Nomu rose to 126, in addition to Alwaha REIT Fund, the market’s only real estate fund.
KDL Logistics, founded in 1980 and headquartered in Riyadh, provides land transportation, customs clearance, and land and air freight services, as well as warehousing and yard storage solutions.
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Company Profile |
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Company |
Khaled Dhafer & Brother’s Logistics Services Co. (KDL Logistics) |
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Market |
Nomu-Parallel Market |
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Core activities |
Transport and freight |
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Capital |
SAR 35 mln |
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Number of Shares |
3.5 mln |
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Nominal Value |
SAR 10/share |
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Company Shareholders |
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Shareholder |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Khaled Al Dhafer |
1,284.5 |
36.7% |
1,027.6 |
29.36 % |
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Hazza Al Dhafer |
1,284.5 |
36.7 % |
1,027.6 |
29.36 % |
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Abdullah Al Dhafer |
931 |
26.6 % |
744.8 |
21.28 % |
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Qualified investors |
-- |
-- |
700 |
20% |
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Total |
3,500 |
100 % |
3,500 |
100% |
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