{"id":75185,"date":"2023-11-29T00:00:00","date_gmt":"2023-11-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/"},"modified":"2023-11-29T00:00:00","modified_gmt":"2023-11-29T00:00:00","slug":"saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/","title":{"rendered":"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia"},"content":{"rendered":"

Saudi Asyad Holding<\/a><\/strong> has inked a binding agreement to acquire a 49% stake in <\/strong>Swissport International<\/a><\/strong>\u2019s Saudi division<\/strong>, according to a press release (pdf)<\/a>. The acquisition by family-owned multi-sector player Asyad is subject to the approval of Saudi regulatory authorities, the release adds. The value of the acquisition and the timeline of its completion were not disclosed.<\/p>\n

The transaction is expected to fund the growth of Swissport\u2019s Saudi division:<\/strong> \u201cWe expect that the collaboration with a strong national partner will accelerate our growth in this fast-growing market,\u201d President and CEO of Swissport International Warwick Brady said. Swissport is looking to expand its air cargo handling, airport ground services, and lounge operations in the Kingdom, particularly in cooperation with Saudi-based carriers, the statement explained. <\/p>\n

About Swissport Saudi Arabia:<\/strong> Cargo handling and airport ground services provider Swissport first broached the Saudi market in 2016, when it kicked off operations in Riyadh and Jeddah. The company now provides passenger and ramp handling services at five major airports in Riyadh, Jeddah, Dammam, Medina, and Buraidah. 2022 saw Swissport Saudi Arabia serve some 5 mn passengers and handle 20k aircraft, the statement said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is subject to regulatory approvals<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[145,17,137,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75185","post","type-post","status-publish","format-standard","hentry","category-ma-watch-2","tag-aviation","tag-enterprise-logistics","tag-ma-watch","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"db9fd369-c761-460d-bfa0-c6d069373ffc","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1551.jpg,https:\/\/www.swissport.com\/en\/news\/current-news\/2023\/swissport-and-asyad-holding-join-forces-to-unlock-full-growth-potential-in-the-kingdom-of-saudi-arabia","photo_position":"above","homepage_title":"","full_issue_title":"Saudi conglomerate Asyad Holding Asyad nabs 49% stake in Swissport Saudi Arabia","related_issue":[75180],"teaser":"The transaction is subject to regulatory approvals","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.c7e796f8-4241-4fa1-92f9-beaec541457f.mp3"},"yoast_head":"\nSaudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia\" \/>\n<meta property=\"og:description\" content=\"The transaction is subject to regulatory approvals\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia\",\"datePublished\":\"2023-11-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\"},\"wordCount\":196,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"keywords\":[\"AVIATION\",\"Enterprise Logistics\",\"M&A WATCH\",\"Saudi Arabia\"],\"articleSection\":[\"M&A Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\",\"name\":\"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"datePublished\":\"2023-11-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/","og_locale":"en_US","og_type":"article","og_title":"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia","og_description":"The transaction is subject to regulatory approvals","og_url":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/","og_site_name":"Logistics","article_published_time":"2023-11-29T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia","datePublished":"2023-11-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/"},"wordCount":196,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"keywords":["AVIATION","Enterprise Logistics","M&A WATCH","Saudi Arabia"],"articleSection":["M&A Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/","url":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/","name":"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"datePublished":"2023-11-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/saudi-conglomerate-asyad-holding-nabs-49-stake-in-swissport-saudi-arabia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/75185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=75185"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/75185\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/75180"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=75185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=75185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=75185"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=75185"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=75185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}