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Year finalizes 120M deal for Aviapartner
Saudi Logistics Company (SAL) announced the completion of its acquisition of Belgium's AVIAPARTNER LYOG, for 120 million SAR (28 million euros), marking its first operational investment outside the Kingdom. The deal included the purchase of 100% of the shares of AVIAPARTNER Belgium and AVIAPARTNER Holding, and was fully financed from internal resources. The company's name has been changed to SAL International Ground Services Belgium. This acquisition aligns with the company's strategy to diversify revenue sources and strengthen its presence in the global air cargo sector, with Liege Airport being the fifth-largest cargo hub in Europe, offering access to more than 55 international airlines and increasing its stations to 20. The financial results of the acquired company are expected to start reflecting in the consolidated financial statements beginning in the third quarter of 2026.
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