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 price was set at SAR 23 per share.
The offered shares account for 20% of the company’s IPO capital. The company currently has a capital of SAR35 million, split into 3.5 million shares with a nominal value of SAR10 each.
The share sale will last for four business days, including the closing day on 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.
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 price was set at SAR 23 per share.
The offered shares account for 20% of the company’s IPO capital. The company currently has a capital of SAR35 million, split into 3.5 million shares with a nominal value of SAR10 each.
The share sale will last for four business days, including the closing day on 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.
