SAL Signs SAR 233 Million Jeddah Cargo Station Contract

SAL +0.36%

SAL

4263.SA

166.60

+0.36%

SAL Saudi Logistics Services announced on January 11, 2026, the signing of a SAR 232,989,098.51 contract with Contracting and Construction Enterprises Company for Phase 2 development of its Jeddah cargo ground handling station at King Abdulaziz International Airport. Construction will begin in Q1 2026 and is expected to complete by Q3 2028, with operations commencing the same quarter subject to regulatory approvals. The project, financed through Sharia-compliant bank facilities and available cash, aims to enhance service efficiency by increasing operational capacity to meet current and future requirements.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92550&anCat=1&cs=4263&locale=ar

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