premargin

SAL Saudi Logistics Services signed an agreement to acquire 100% of Aviapartner Liège SA for 28 million euros (approximately SAR 123 million).
The acquisition of the Belgium-based cargo ground handling company will be financed through SAL's internal cash resources.
The transaction aims to expand SAL's international footprint at a key European cargo hub and geographically diversify revenue streams.
The deal is subject to customary closing conditions and regulatory approvals from relevant authorities.

Element List	Explanation
Introduction	SAL Saudi Logistics Services Company (“SAL” or the “Company”) is pleased to announce the signing of a Sale and Purchase Agreement with Aviapartner Belgium NV (“AP Belgium”) and Aviapartner Holding NV (“AP Holding” and together with AP Belgium, the "Sellers") for SAL to acquire from the Sellers 100% of the share capital of Aviapartner Liège SA (“Aviapartner Liège” or the "Acquired Company").
Transaction Details	SAL has signed a Sale and Purchase Agreement to acquire 100% of the share capital of Aviapartner Liège from the Sellers for cash consideration.
Transaction Amount	The total value for acquiring 100% of the Acquired Company amounts to twenty-eight million (28,000,000) euros (equivalent to SAR 123 million approximately), on a cash free and debt-free basis.
Transaction Conditions	The transaction is subject to customary closing conditions and regulatory approvals from the relevant competent authorities, as applicable.
Parties of the Transaction	Buyer: SAL Saudi Logistics Services Company Sellers: 1. Aviapartner Belgium NV (“AP Belgium”) 2. Aviapartner Holding NV (“AP Holding”)
Transaction Financing Method	The acquisition will be financed through the Company’s available cash resources.
Date of Entering Into The Transaction	2026-03-04 Corresponding to 1447-09-15
Description of Activity of The Asset Subject of The Transaction	The Acquired Company is primarily engaged in ground handling and cargo services and is located in Liège, Belgium.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Revenues for the last three years of Aviapartner Liège were as follows: Financial Year 2023: EUR 24.7 million Financial Year 2024: EUR 28.6 million Financial Year 2025: EUR 24.3 million
Transaction reasons	This acquisition supports SAL’s international expansion strategy by establishing an operational footprint at a key European cargo hub, expanding its cargo ground handling and logistics service offerings at international airports, geographically diversifying its revenue streams, and leveraging operational synergies through access to established infrastructure, airline relationships, and a mature operating environment.
Expected Impact of the Transaction on the Company and Its Operations	The Company expects the transaction to have a positive impact on its financial performance in the long-term following completion and consolidation of the Acquired Company’s financial results.
Related Parties	No Related Parties involvement
Additional Information	The Company will announce any material development in due course. For any further inquiries, please contact the Investor Relations Department at the email: Investor.Relations@sal.sa

Element List

Explanation

Introduction

SAL Saudi Logistics Services Company (“SAL” or the “Company”) is pleased to announce the signing of a Sale and Purchase Agreement with Aviapartner Belgium NV (“AP Belgium”) and Aviapartner Holding NV (“AP Holding” and together with AP Belgium, the "Sellers") for SAL to acquire from the Sellers 100% of the share capital of Aviapartner Liège SA (“Aviapartner Liège” or the "Acquired Company").

Transaction Details

SAL has signed a Sale and Purchase Agreement to acquire 100% of the share capital of Aviapartner Liège from the Sellers for cash consideration.

Transaction Amount

The total value for acquiring 100% of the Acquired Company amounts to twenty-eight million (28,000,000) euros (equivalent to SAR 123 million approximately), on a cash free and debt-free basis.

Transaction Conditions

The transaction is subject to customary closing conditions and regulatory approvals from the relevant competent authorities, as applicable.

Parties of the Transaction

Buyer: SAL Saudi Logistics Services Company

Sellers:

1. Aviapartner Belgium NV (“AP Belgium”)

2. Aviapartner Holding NV (“AP Holding”)

Transaction Financing Method

The acquisition will be financed through the Company’s available cash resources.

Date of Entering Into The Transaction

2026-03-04 Corresponding to 1447-09-15

Description of Activity of The Asset Subject of The Transaction

The Acquired Company is primarily engaged in ground handling and cargo services and is located in Liège, Belgium.

Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction

Revenues for the last three years of Aviapartner Liège were as follows:

Financial Year 2023: EUR 24.7 million

Financial Year 2024: EUR 28.6 million

Financial Year 2025: EUR 24.3 million

Transaction reasons

This acquisition supports SAL’s international expansion strategy by establishing an operational footprint at a key European cargo hub, expanding its cargo ground handling and logistics service offerings at international airports, geographically diversifying its revenue streams, and leveraging operational synergies through access to established infrastructure, airline relationships, and a mature operating environment.

Expected Impact of the Transaction on the Company and Its Operations

The Company expects the transaction to have a positive impact on its financial performance in the long-term following completion and consolidation of the Acquired Company’s financial results.

Related Parties

No Related Parties involvement

Additional Information

The Company will announce any material development in due course.

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

SAL Saudi Logistics Services Company Announces the Signing of a Sale and Purchase Agreement ("SPA") with Aviapartner Belgium NV and Aviapartner Holding NV to Acquire 100% of the Share Capital of Aviapartner Liège SA