SAL Saudi Logistics to offer 30% stake in public offering
Cargo handler and logistics provider SAL Saudi Logistics Services Company plans to go public and list its shares on the Saudi Tadawul Exchange. The IPO will include 30% of the company's share capital, and the offer price will be determined at the end of the book-building period. Selling shareholders include Saudi Arabian Airlines Corporation and Tarabot Air Cargo Services Limited. HSBC Saudi Arabia has been appointed as the sole financial advisor and underwriter for the IPO.
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Frequently Asked Questions
Q: What stake is SAL Saudi Logistics offering in its public offering?
A: SAL Saudi Logistics is offering a 30% stake in its public offering.