SAL enters Liège Airport market through full acquisition of Aviapartner Liège

SAL Saudi Logistics to acquire Aviapartner Liège for EUR 28 mn

SAL Saudi Logistics Services is expanding into Europe, having signed a EUR 28 mn (SAR 123 mn) sale and purchase agreement to fully acquire Belgian ground handling and cargo service provider Aviapartner Liège from Aviapartner Belgium and Aviapartner Holding, it said in a Tadawul disclosure. The self-funded move awaits regulatory sign-off.

Why it matters: The acquisition would give the Saudi logistics heavyweight a firm footprint in a key European freight hub, capturing logistics flows between Europe and the GCC by bypassing third-party intermediaries.