Year Finalizes 120M Riyal Avispartner Acquisition
Saudi Logistics Company (SAL) announced the completion of its acquisition of all shares of Aviapartner Liège at Liège Airport in Belgium, valued at 120 million SAR (28 million Euros), through its subsidiary SAL International Ground Services BV. This marks the company's first operational investment outside the Kingdom, financed entirely from internal resources without external funding. The acquisition was carried out by purchasing 100% of the shares of Aviapartner Belgium and Aviapartner Holding. The aim of this acquisition is to diversify revenue sources and strengthen the company's presence in the global air cargo sector, especially since Liège Airport is the fifth largest cargo hub in Europe. This offers the company access to more than 55 airlines and the opportunity to expand its capabilities in handling specialized shipments. It is expected that the financial results of the new company will be consolidated into the group's financial statements beginning in Q3 2026.
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