| Element List | Explanation |
|---|---|
| Introduction | SAL Saudi Logistics Services (“SAL” or “the Company”) under the SAL Cargo Ground Handling Division is pleased to announce the signing of an agreement with DSV Air and Sea Logistics Services Company, with the aim of providing a comprehensive range of facilities for ground handling services for Consolidated shipments and integrated logistics operations. |
| Date of Announcement of the Award | 2026-02-24 Corresponding to 1447-09-07 |
| Contract Subject Matter | Agreement to provide a comprehensive range of facilities for ground handling services for Consolidated shipments and integrated logistics operations. |
| The Entity with Which the Contract was Signed | DSV Air and Sea Logistics Services Company |
| Date of Signing the Contract | 2026-02-24 Corresponding to 1447-09-07 |
| Contract Value | There is no set value; services are paid for on demand and in accordance with the prices specified in the Agreement. |
| Contract Details | Under this agreement, SAL Ground Handling Division will manage the ground handling shipments’ operation for DSV Air and Sea Logistics Services Co., and the offering of suitable storage spaces to meet customers’ needs. This agreement embodies the commitment of both parties to enhance the efficiency and reliability of logistics services in the Kingdom, ensuring the speed and efficiency of the operational processes and paving the way towards a higher level of integrated services in the air cargo sector. |
| Contract Duration | A Yearly Renewable Agreement |
| Financial Impact and the Relevant Period | The agreement is expected to have a positive impact on the Company's financial results over the duration of the agreement. |
| Related Parties | No Related Parties involvement |
| Additional Information | For any further inquiries, please contact the Investor Relations Department at the email: Investor.Relations@sal.sa |