Riyadh — Mubasher: SAL Saudi Logistics Services has fully acquired Aviapartner Liège SA for approximately SAR 120 million (EUR 28 million).
The transaction was executed through its wholly owned subsidiary, SAL International Ground Handling BV, following the fulfillment of all regulatory requirements and conditions on 31 July 2026.
The acquisition was funded entirely through the company's internal financial resources. This move establishes SAL’s first operational presence outside the Kingdom, expanding its network to 20 stations.
Aviapartner Liège operates at Liège Airport in Belgium, which serves as a major European cargo hub within the "Golden Triangle," where over 70% of European freight flows.
The airport handled approximately 1.30 million tons of cargo in 2025 and hosts more than 55 air cargo carriers.
The company stated that the acquisition aligns with its long-term strategy to diversify revenue streams and strengthen connectivity between Saudi Arabia and global markets.
The financial impact of the transaction is expected to appear on the company's financial statements starting from the third quarter (Q3) of 2026.
Omar Talal Hariri, CEO of SAL, commented: “This acquisition is an important step in the next phase of SAL’s strategy. Our ambition is not only to grow our footprint, but to build a platform that connects markets, capabilities and customers across key global trade corridors.”
He added: “Aviapartner Liège gives us our first international operating base, supported by specialist expertise and customer relationships that can strengthen the way we serve airlines, freight forwarders and cargo owners.”
In the first half (H1) of 2026, the logistics group delivered profit net profits valued at SAR 347.99 million , up 10.36% from SAR 315.34 million recorded in H1-25.
