Saudi Logistics Services Company (SAL) has entered into a sale and purchase agreement to acquire a 100 percent stake in Aviapartner Liege, a Belgium-based airport ground handling firm, for $32.8 million (SAR123 million).
The agreement was signed with Aviapartner Belgium NV and Aviapartner Holding NV, according to a disclosure filed by SAL on the Saudi Exchange (Tadawul).
The transaction will be financed through SAL’s available internal resources and will be completed on a cash consideration basis.
The acquisition will give SAL a stronger operational presence in Europe by establishing a foothold at a major international cargo hub. Aviapartner Liege provides airport ground handling services and supports cargo operations at Liège Airport, one of Europe’s key logistics and freight gateways.
SAL said the move aligns with its long-term strategy to expand its global logistics footprint and enhance its cargo ground handling capabilities at international airports. By acquiring Aviapartner Liege, the company aims to broaden its service portfolio while strengthening its position in the global aviation logistics sector.
The Saudi logistics group also expects the transaction to support geographical diversification of its revenue streams. Access to established infrastructure, airline partnerships, and a mature operational environment at Liège Airport is expected to generate operational synergies and support the company’s international growth plans.
According to the company’s statement, the acquisition is anticipated to contribute positively to SAL’s financial performance over the long term once the deal is completed and the financial results of the acquired company are consolidated into its accounts.
SAL noted that the move represents a strategic step in building a broader international logistics network while reinforcing its role in the global cargo handling and airport services market.
