Saudi Logistics Services (SAL) is continuing its strategy to expand beyond the Kingdom, taking advantage of the rapid growth in the global air cargo sector.
As part of this plan, the company has completed the full acquisition of Aviapartner Liège SA. This move significantly strengthens SAL's presence in one of Europe's most important air cargo hubs.
SAL announced that it has finalized the acquisition of 100% of the capital of Aviapartner Liège SA, after meeting all necessary conditions and regulatory requirements to close the deal. This further boosts its expansion in the logistics and air cargo sector within European markets.
The company clarified that this deal follows its previous announcement published on the Saudi Exchange (Tadawul Saudi) website on March 5, 2026. That announcement detailed the signing of a sale and purchase agreement to acquire all seller shares in the Belgian company. SAL confirmed that the initial value of the deal was paid from its own financial resources.
Under the agreement, SAL International Ground Services B.V., a wholly-owned subsidiary of SAL, has become the direct owner of Aviapartner Liège SA. This happened after the official transfer of shares was completed, allowing the acquired company's operations to be integrated into the group's operational structure.
SAL emphasized that this acquisition aligns with its international expansion plan and strengthens its position in the logistics sector, especially in air cargo. It provides SAL with a foothold in one of Europe's most crucial air cargo centers and allows it to leverage Aviapartner Liège's existing network of relationships with global airlines.
The company added that the deal will help diversify its revenue streams by adding operational activities outside the Saudi market. It also supports SAL's plans to offer integrated logistics solutions to its clients regionally and internationally, capitalizing on the continuous growth in the global air cargo market.
SAL noted that the financial impact of the acquisition will be reflected in its financial results starting from the third quarter of 2026. The company also confirmed that there are no related parties involved in the transaction and that it was completed in accordance with all approved regulatory requirements.
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