Integrated Logistics Co. KSC announced a private placement of approximately 76,000,000 shares at a price of KWD 1.710527 per share for gross proceeds of KWD 130,000,000 on June 11, 2018. The transaction involved participation from more than 1,000 investors and was oversubscribed by 230%. The investors acquired 35% stake in the company pursuant to the transaction.