SAL Signs Five-Year Warehouse Lease Agreement with Saudia Technic
SAL 4263.SA | 0.00 |
SAL Saudi Logistics Services announced on February 4, 2026, the signing of a five-year agreement with Saudia Technic Co. for warehouse leasing and integrated ground handling services at King Abdulaziz International Airport in Jeddah. The agreement has no fixed value, with services paid on demand according to specified prices. Saudia Technic is a subsidiary of Saudi Arabian Airlines Corporation, which owns 49% of SAL, creating a related-party transaction involving board members Ahmed Abdulaziz Alwassiah, Ibraheem Adel Sheerah, and Fahad Abdullah Moussa. The company expects the agreement to positively impact its financial results throughout the contract period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92980&anCat=1&cs=4263&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
