A SAL Saudi Logistics Services Co.’s facility
Saudi Logistics Services Co. (SAL) fulfilled all regulatory requirements and procedures necessary to complete the acquisition of Aviapartner Liège SA, finalizing the sale and purchase of shares in favor of its subsidiary, SAL International Ground Services BV, the buyer, in accordance with the approved appointment notice. 
In a statement to Tadawul, the company said the initial transaction consideration was paid as stipulated in the sale and purchase agreement (SPA), using the company’s own financial resources.
Accordingly, SAL’s wholly owned subsidiary, SAL International Ground Services BV, became the direct owner of the acquired company following the final transfer of shares in accordance with the approved appointment notice.
The company said the acquisition supports SAL’s strategy and strengthens its presence in one of Europe’s key global air cargo hubs, while contributing to the diversification of its revenue streams through an integrated air cargo services platform and a strong network of relationships with global air freight carriers.
The financial impact of the acquisition on the company’s financial statements will be reflected starting from Q3 2026, SAL added.
According to data available on Argaam, SAL signed in March 2026 a SPA with Aviapartner Belgium NV and Aviapartner Holding NV to acquire 100% of the shares in Aviapartner Liège SA for SAR 123 million (equivalent to €28 million), on a cash-free, debt-free basis.
A SAL Saudi Logistics Services Co.’s facility
Saudi Logistics Services Co. (SAL) fulfilled all regulatory requirements and procedures necessary to complete the acquisition of Aviapartner Liège SA, finalizing the sale and purchase of shares in favor of its subsidiary, SAL International Ground Services BV, the buyer, in accordance with the approved appointment notice.
In a statement to Tadawul, the company said the initial transaction consideration was paid as stipulated in the sale and purchase agreement (SPA), using the company’s own financial resources.
Accordingly, SAL’s wholly owned subsidiary, SAL International Ground Services BV, became the direct owner of the acquired company following the final transfer of shares in accordance with the approved appointment notice.
The company said the acquisition supports SAL’s strategy and strengthens its presence in one of Europe’s key global air cargo hubs, while contributing to the diversification of its revenue streams through an integrated air cargo services platform and a strong network of relationships with global air freight carriers.
The financial impact of the acquisition on the company’s financial statements will be reflected starting from Q3 2026, SAL added.
According to data available on Argaam, SAL signed in March 2026 a SPA with Aviapartner Belgium NV and Aviapartner Holding NV to acquire 100% of the shares in Aviapartner Liège SA for SAR 123 million (equivalent to €28 million), on a cash-free, debt-free basis.
