Saudi Arabia's SAL Saudi Logistics eyes up to $678m from IPO

Saudi Arabia's SAL Saudi Logistics eyes up to $678m from IPO

Riyadh, Saudi Arabia. Photo by Hala AlGhanim on Unsplash

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.