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Saudi Arabia’s SAL Saudi Logistics could raise $678 mln from IPO

admin by admin
September 25, 2023
in Business
Norway’s TGS to buy seismic rival PGS for $864 mln
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DUBAI, Sept 25 (Reuters) – Saudi Arabian cargo business SAL Saudi Logistics Services Co could raise as much as 2.54 billion riyals ($678 million) from its initial public offering (IPO) after the company disclosed an indicative price range on Monday.

SAL Saudi Logistics is 70% owned by Saudi Arabian Airlines Corporation (Saudia) and 30% by…



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