CMA nods for Al Khaldi Logistics’ 7% IPO on Nomu

23/12/2024 Argaam
Logo ofThe Capital Market Authority (CMA)

Logo of The Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, Dec. 23, the application received from Al Khaldi Logistics Co. to float 1.05 million shares on the Nomu-Parallel Market.

 

The offered shares represent 7% of the company’s share capital. 

 

For More IPOs

 

The offer will be limited to qualified investors as defined in the list of terms used in the regulations and rules of the CMA. The prospectus will be published well in advance of the offering's start date.

 

The CMA's approval is valid for six months from its resolution date. It will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

 

Al Khaldi Logistics was established in 1972. It is a licensed transportation company in the Kingdom of Saudi Arabia and GCC countries.

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