DUBAI, Nov 1 (Reuters) - Cargo business SAL Saudi Logistics Services Co's shares jumped 30% on their Riyadh market debut on Wednesday after raising $678 million from its initial public offering, in the kingdom's second biggest deal this year.
The shares rose as much as 137.80 riyals ($36.73) in early trade on the Saudi Exchange, against an IPO price at the top of the indicative range at 106 riyals a share.
Oil and gas driller ADES Holding Co in September raised $1.2 billion from its initial public offering in the biggest deal this year. ($1 = 3.7515 riyals) (Reporting by Hadeel Al Sayegh, Editing by Louise Heavens)
