SAL plans to issue SAR-denominated sukuk

SAL Saudi Logistics Services (SAL) intends to issue a SAR-denominated sukuk through private placement inside and/or outside Saudi Arabia.

The amount and terms of offer will be determined later based on market conditions, the company said in a filing to Tadawul.

The offer proceeds will be used for the company’s general corporate purposes, including capital expenditure plans to support future expansions and projects, and to achieve the company’s long-term financial and strategic objectives.

SAL appointed J.P. Morgan Saudi Arabia and SNB Capital as joint lead managers and bookrunners for the purpose of the proposed offer that is pending regulatory approvals.

The company intends to conduct a series of meetings with prospective investors.

In October 2025, the board of directors approved launching a SAR-denominated sukuk program, according to Argaam data.