On February 24, 2026, SAL Saudi Logistics Services Co. announced the signing of an agreement with DSV Air and Sea Logistics Services Company to provide comprehensive ground handling services for consolidated shipments and integrated logistics operations. Under this yearly renewable agreement, SAL's Ground Handling Division will manage ground handling operations for DSV and offer suitable storage spaces to meet customer needs. The contract operates on a demand-based payment structure with no fixed value, where services are paid according to prices specified in the agreement. The partnership is expected to have a positive impact on SAL's financial results and aims to enhance the efficiency and reliability of logistics services in the Kingdom's air cargo sector.

Original announcement:

Important 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.