KDL Logistics begin trading on Saudi Exchange’s Nomu

Khaled Dhafer and Brothers for Logistics Services (KDL Logistics) will start trading on the Saudi Exchange’s Parallel Market, Nomu, on Tuesday, 6 January. The company will offer 700,000 shares, representing 20 per cent of its capital, with daily price limits of ±30 per cent and static limits of ±10per cent. By joining Nomu, KDL Logistics gains greater visibility among investors, while helping channel funds into the logistics industry, which is playing a central role in the Kingdom’s economic diversification and trade initiatives. The company’s debut on the platform comes as KSA’s logistics market experiences strong growth, driven by increased imports, exports, and the need for efficient supply chain solutions. Analysts expect KDL’s shares to attract attention from investors looking to tap into the expanding logistics and transport sector in the region.