The Securities and Commodities Authority (SCA) revoked the approval granted to Tristar Transport LLC on March 22, 2021, to go public and terminated its initial public offering (IPO). The revocation comes as the procedures for going public were not completed and the IPO process was terminated upon a request from the company.

Based on the above, SCA confirms the revocation and the termination of the IPO, which was to be made available to qualified investors only using the book-building process during the IPO period that started on April 5 and was scheduled to close on April 15.