Saudi Post buys out NAQEL Express

Logos of Saudi Post (SPL) and NAQEL Express

Saudi Post (SPL) announced today, Oct. 27, the full acquisition of NAQEL Express via the Saudi Postal and Logistics Services Co., Saudi Press Agency (SPA) reported.

 

The step comes in line with SPL’s ambitious strategy, and the Kingdom’s National Transformation Program. It implies a business model that reflects opportunities and points of strength that boost SPL’s position as a Kingdom national operator, in line with Saudi Vision 2030 programs, SPL Chairman Anef Abanomi told SPA.

 

SPL would provide outstanding services to clients and enhance the investment opportunities in the logistics sector, Abanomi added.

 

For More Mergers and Acquisitions

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