Page 40 - Logistics Services News Today

The Ministry of Transport and Logistics Services (MOTLS) in Saudi Arabia has laid out an ambitious strategy that aims to develop the Kingdom\'s transport and logistics sector.

Abu Dhabi National Oil Co. (ADNOC) achieved revenues worth 2.83 billion dirhams ($769 million) for launching an IPO of a minority stake that represents 19 percent in the Logistics & Services unit. The share was increased from 15 percent to 19 percent at 2.01 dirhams each to meet the huge demand from investors. The IPO saw exceptional demand and the book-building process generated orders of 460 billion dirhams (over $125 billion), implying an oversubscription level of 163 times, the highest-e...

ABU DHABI, 25th May, 2023 (WAM) -- ADNOC today announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of ADNOC Logistics & Services (ADNOC L&S), a mission-critical global energy maritime logistics leader and critical enabler of Abu Dhabi and the UAE’s supply of energy to the world.The Offering of 19 percent of the total issued share capital of ADNOC L&S, previously upsized from 15 percent to meet significant invest...

/PRNewswire/ -- As per The Business Research Companys Cash Logistics Global Market report 2023, the global cash logistics market size will grow from $18.6...

Abu Dhabi National Oil Company on Wednesday announced the final offer price for the initial public offering (IPO) Adnoc of Logistics & Services. of Dh2.01 ..

The price implies a market capitalization at listing of $4.05bln

ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn

The Lowndes County Port Authority celebrated a 35-year milestone of sailing the economic waves of the Golden Triangle.

AJEX Logistics Services, a Saudi-based specialist in express distribution and shipping, has announced the launch of two new Express services: AJEX Domestic Same Day and AJEX Reverse Pick-up Service in Dammam, Riyadh and Jeddah.

The move is in line with strategy to diversify investment, the company sai