Title: Saudi Logistics Company "Sal" Shares Surge 30%

Shares of Sal Saudi Logistics jumped 30% during their first trading session on the Riyadh stock exchange today, Wednesday, after raising $678 million from the initial public offering, marking the second-largest deal in the Kingdom this year. The stock rose to 137.80 riyals ($36.73) in early trading on the Saudi exchange. Additionally, Addis Holding, which explores oil and gas, raised $1.2 billion from its IPO in September, making it the largest deal in the Kingdom this year.