SAL Saudi Logistics Services Co. announces the establishment of SAL International Ground Handling B.V., a 100% Wholly Owned Subsidiary

Element List	Explanation
Announcement Detail	SAL Saudi Logistics Services Co. ("SAL" or "the Company") is pleased to announce the establishment of SAL International Ground Handling B.V., as a wholly owned subsidiary incorporated in Amsterdam, Netherlands. The subsidiary will primarily serve as an international holding entity, supporting SAL’s strategic goals and directions towards expanding its Cargo Ground Handling Activities outside the Kingdom of Saudi Arabia. This comes after the completion of the issuance of the Articles of Association ("AoA") and Commercial Registration for the new subsidiary with CCI Number 42077718. There is no material immediate financial impact resulting from the establishment of the subsidiary at this stage, but it is anticipated to contribute positively to the consolidated financial results of the Company in the future, with any material development to be disclosed in due course and when it occurs in accordance with the relevant regulations and instructions. For any further inquiries, please contact the Investors Relations Department at the email: Investor.Relations@sal.sa

Element List

Explanation

Announcement Detail

SAL Saudi Logistics Services Co. ("SAL" or "the Company") is pleased to announce the establishment of SAL International Ground Handling B.V., as a wholly owned subsidiary incorporated in Amsterdam, Netherlands. The subsidiary will primarily serve as an international holding entity, supporting SAL’s strategic goals and directions towards expanding its Cargo Ground Handling Activities outside the Kingdom of Saudi Arabia.

This comes after the completion of the issuance of the Articles of Association ("AoA") and Commercial Registration for the new subsidiary with CCI Number 42077718. There is no material immediate financial impact resulting from the establishment of the subsidiary at this stage, but it is anticipated to contribute positively to the consolidated financial results of the Company in the future, with any material development to be disclosed in due course and when it occurs in accordance with the relevant regulations and instructions.

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