KDL Logistics Issues Prospectus for 20% Nomu IPO
Khaled Dhafer Brother’s Logistics Services Co.’s (KDL Logistics) issued a prospectus on Oct. 26 to float 700,000 shares, or 20% of its capital, on the Nomu-Parallel Market.
The share offering will be limited to qualified investors, as per the Capital Market Law provisions, and will run from November.
In September, the CMA approved the company's application to list its shares on Nomu. KDL Logistics was established in 1980 in Riyadh and provides services including land transport, customs clearance, land and air cargo, and warehousing.
Author's summary: KDL Logistics issues prospectus for IPO.
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