Tadawul trading screen

SAL Saudi Logistics Services Co.’s (SAL) shares closed 25% higher at SAR 132.60 on its first trading session on the Saudi Exchange (Tadawul) today, Nov. 1.  

The stock rose by a maximum of 30% to SAR 137.80, with nearly 15.96 million shares traded valued at SAR 2.12 billion.  

SAL commenced trading today on Tadawul, offering 24 million shares, or 30% of its capital, at SAR 106 per share.