{"id":102764,"date":"2025-11-25T00:00:00","date_gmt":"2025-11-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/"},"modified":"2025-11-25T00:00:00","modified_gmt":"2025-11-25T00:00:00","slug":"kdl-seeks-sar-16-1-mn-in-nomu-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/","title":{"rendered":"KDL seeks SAR 16.1 mn in Nomu IPO"},"content":{"rendered":"

Khaled Dhafer & Brother\u2019s Logistics Services (KDL Logistics) priced its <\/strong>Nomu IPO at <\/strong>SAR 23 per share<\/strong>, Argaam<\/a> reports citing a bourse disclosure. The final offer price will see it raise some SAR 16.1 mn in gross proceeds, implying a market cap of SAR 80.5 mn at listing, according to our calculations.<\/p>\n

ICYMI- <\/strong>KDL is the first pure-play logistics player to go public<\/a> in the Kingdom since SAL Saudi Logistics Services\u2019 2023 main market debut. KDL\u2019s founding family is selling down its positions to a combined 80% stake, subject to a 12-month lockup period, and pocketing net proceeds. Some 700k shares \u2014 good for a 20% stake \u2014 will be up for grabs in a secondary offering on the parallel market. <\/p>\n

Books open next week: <\/strong>Qualified investors can apply for up to 175k shares each between Sunday, 30 November, and Wednesday 3 December. Final allocations are due Monday, 8 December. <\/p>\n

IN CONTEXT-<\/strong> KDL is heading to a market that\u2019s turned more selective following two Nomu withdrawals in June \u2014 namely Al Khaldi Logistics and Dome International. The index\u2019s total value traded dropped to SAR 2.05 bn<\/a> in 3Q, from SAR 2.98 bn a year earlier, and average daily turnover slipped to SAR 31.5 mn versus SAR 45.9 mn in 3Q 2024. IPO activity slowed with four listings on the parallel market in 3Q, down significantly from 10 in 2Q. <\/p>\n

ADVISORS- <\/strong>Arbah Capital is quarterbacking the IPO as financial advisor and bookrunner, with Maham signing off as external auditor. Receiving agents<\/strong> include Al Rajhi Capital, SNB Capital, Alinma Capital, Riyad Capital, Anb Capital, BSF Capital, and Albilad Capital, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

The final offer price implies a market cap of SAR 80.5 mn at listing.<\/p>\n","protected":false},"author":1,"featured_media":102765,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[10,29,4596],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo-watch","tag-kdl-logistics","wpautop","entry"],"acf":{"mongo_id":"3e56f2b0-5eaa-474f-a312-1ab3d22cad99","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/1898.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KDL seeks SAR 16.1 mn in Nomu IPO","related_issue":[102754],"teaser":"The final offer price implies a market cap of SAR 80.5 mn at listing.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.b22df88e-2c12-479d-87ed-725c00b4aab8.mp3"},"yoast_head":"\nKDL seeks SAR 16.1 mn in Nomu IPO - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KDL seeks SAR 16.1 mn in Nomu IPO\" \/>\n<meta property=\"og:description\" content=\"The final offer price implies a market cap of SAR 80.5 mn at listing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1898.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"KDL seeks SAR 16.1 mn in Nomu IPO\",\"datePublished\":\"2025-11-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/\"},\"wordCount\":261,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1898.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"IPO watch\",\"KDL Logistics\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/25\/kdl-seeks-sar-16-1-mn-in-nomu-ipo\/\",\"name\":\"KDL seeks SAR 16.1 mn in Nomu IPO - 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