On March 5, 2026, SAL Saudi Logistics Services Company announced the signing of a Sale and Purchase Agreement to acquire 100% of the share capital of Aviapartner Liège SA from Aviapartner Belgium NV and Aviapartner Holding NV. The acquisition is valued at 28,000,000 euros (approximately SAR 123 million) on a cash free and debt-free basis, to be financed through the Company's available cash resources. Aviapartner Liège, located in Belgium, is primarily engaged in ground handling and cargo services, with revenues of EUR 24.7 million in 2023, EUR 28.6 million in 2024, and EUR 24.3 million in 2025. The transaction supports SAL's international expansion strategy by establishing an operational footprint at a key European cargo hub and is subject to customary closing conditions and regulatory approvals.

Original announcement:

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