SAL Agrees SAR123 Million Deal to Acquire Aviapartner Liège

SAL Saudi Logistics Services Company signed a conditional sale and purchase agreement with sellers Aviapartner Belgium NV and Aviapartner Holding NV to acquire Aviapartner Liège SA. Under the agreement, SAL will acquire the full 100% stake in Aviapartner Liège SA, with the entire transaction to be paid in cash upon closing. The deal is based on an enterprise value of around SAR123 million and remains subject to customary closing conditions and the receipt of all necessary regulatory approvals, as applicable.

 Aviapartner Liège SA, headquartered in Liège, Belgium, is primarily engaged in ground handling and cargo services. The acquisition supports SAL’s strategic international expansion, establishing a direct operational presence in one of Europe’s key air cargo hubs.

 It also broadens SAL’s range of cargo handling and logistics services at international airports and helps diversify its revenue sources, while creating operational synergies through access to advanced infrastructure and established relationships with airlines within a developed operational environment.