‎SAL signs agreement to acquire 100% stake in Aviapartner Liège for SAR 123 mln

‎SAL signs agreement to acquire 100% stake in Aviapartner Liège for SAR 123 mln ‎SAL signs agreement to acquire 100% stake in Aviapartner Liège for SAR 123 mln

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A SAL Saudi Logistics Services Co.’s facility

SAL Saudi Logistics Services Co. signed a sale and purchase agreement with Aviapartner Belgium NV and Aviapartner Holding NV to acquire 100% of their stake in Aviapartner Liège SA for SAR 123 million, on a cash- and debt-free basis.

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

The acquired company mainly operates in ground handling and cargo services.

 

A SAL Saudi Logistics Services Co.’s facility

SAL Saudi Logistics Services Co. signed a sale and purchase agreement with Aviapartner Belgium NV and Aviapartner Holding NV to acquire 100% of their stake in Aviapartner Liège SA for SAR 123 million, on a cash- and debt-free basis.

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

The acquired company mainly operates in ground handling and cargo services.

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