Logistic
Posted By OrePulse
Published: 04 Jun, 2025 07:25
Alkhaldi Logistics cancels Saudi IPO
Saudi Arabia’s Alkhaldi Logistics Company has cancelled its initial public offering (IPO) on the kingdom’s parallel market, Nomu.
Yaqeen Capital, serving as the financial advisor and lead manager for the offering, said on Tuesday that the planned share offering was “incomplete” and considered “void”. It did not specify the reason for cancellation.
With the IPO cancelled, subscribers are expected to receive refunds by Wednesday, June 4, 2025.
The company had previously planned to sell 1.05 million shares on Nomu, representing 7% of post-IPO capital. The offer price was set between SAR 44 and SAR 47 per share.
Related Articles
China, Tanzania, Zambia sign initial agreement on ...
04 Sep, 2024 07:20
Arthur D. Little grows Middle East travel & transp...
05 Sep, 2024 08:16
Forum on "North-South" International Transport Cor...
05 Sep, 2024 10:29
APM Terminals to invest $115 million in Nigeria123...
06 Sep, 2024 13:37
Container spot rates drop 8%...
09 Sep, 2024 10:41
Africa Emerges as a Key Player in Global Airfreigh...
10 Sep, 2024 13:01
Shortlist spotlight 2024: Project Logistics Provid...
12 Sep, 2024 09:59
Logistics News ME’s September issue reflects on Em...
12 Sep, 2024 13:54
New Africa routes for SAA...
13 Sep, 2024 10:56
CMA CGM strengthens Europe-West Africa service net...
13 Sep, 2024 12:38Trending News
Precious Metals
Burkina Faso completes nationalisation of five gold mining assets...
12 Jun, 2025 13:05
32 min read
Other
Stronger together: Partnerships will transform Africa’s mining sector...
12 Jun, 2025 12:51
30 min read
Precious Metals
Resolute appoints new COO as Montgomery steps down...
12 Jun, 2025 12:27
31 min read