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Image courtesy: SAL/ X
SAL Saudi Logistics Services Company (SAL) said it plans to sell a 30 per cent stake through an initial public offering (IPO) on the Saudi Exchange (Tadawul), as listings in the kingdom gather steam after a slow start to the year.
SAL, said in a statement, that its shareholders – Saudi Arabian Airlines (Saudia) and Tarabot Air Cargo Services – are offering 24 million shares in the cargo firm, which is equivalent to 30 per cent of the company’s paid-up capital post-listing.
Saudia currently owns 70 per cent…