SAL Saudi Logistics Services Co. Announces that it has been assigned a credit rating by SIMAH Rating Agency

These ratings include a long-term credit rating of “A”, a short-term credit rating of “T-2”, and an additional “A” rating for the Company’s Sukuk program with a stable outlook. These ratings demonstrate the Company’s high creditworthiness, indicating a very low credit risk. Nevertheless, the level of risk may fluctuate depending on economic and sectoral conditions.

These credit ratings reflect the positive outlook of "Tassnief " on SAL's leading position and role in the ground handling and diverse logistics services market. This is further supported by the Company’s operational excellence, underpinned by a robust infrastructure, strong cash flow, and a sound governance and risk control framework. The ratings also indicate the Company's robust financial position and creditworthiness, enabling it to meet any potential financing requirements for implementing its strategic and expansion plans.

Noting that this credit rating is the first rating obtained by the Company from “Tassnief”.

For any further inquiries, please contact the Investor Relations Department at the email: Investor.Relations@sal.sa