SAL completes acquisition of Aviapartner Liège SA

A SAL Saudi Logistics Services Co.’s facility

Saudi Logistics Services Co. (SAL) said its subsidiary, SAL International Ground Services BV, has completed the acquisition of Aviapartner Liège SA.

In a statement to Tadawul, the company said the initial transaction consideration was paid as stipulated in the sale and purchase agreement (SPA) using its internal financial resources.

Accordingly, SAL International Ground Services BV became the direct owner of Aviapartner Liège following the final transfer of shares in accordance with the approved appointment notice.

The acquisition supports SAL’s strategy and strengthens its presence in one of Europe’s key global air cargo hubs, while contributing to the diversification of its revenue streams through an integrated air cargo services platform and a strong network of relationships with global air freight carriers, the statement said.

The financial impact of the acquisition will be reflected in SAL’s results starting Q3 2026.

According to data available with Argaam, SAL signed in March 2026 a SPA with Aviapartner Belgium NV and Aviapartner Holding NV to acquire 100% of the shares in Aviapartner Liège for SAR 123 million (€28 million) on a cash- and debt-free basis.