SAL to acquire Belgium’s Aviapartner Liege for $32.8M

Saudi Logistics Services Company (SAL) is acquiring a 100% stake in Belgium’s airport ground handling firm Aviapartner Liege for 123 million Saudi riyals ($32.8 million). The deal, signed with Aviapartner Belgium NV and Aviapartner Holding NV, will be fully cash-funded from SAL’s available resources.

The acquisition is part of SAL’s international expansion strategy. By securing a presence at Liege, a key European cargo hub, the company aims to broaden its ground handling and logistics services at international airports. The move also helps SAL diversify its revenue streams geographically, strengthening its footprint outside the Middle East.

SAL said the deal will enable the company to tap into growing cargo traffic in Europe and offer more integrated logistics solutions to global clients. The Liege airport base will complement SAL’s existing operations and support long-term growth ambitions in the international cargo and aviation services sector.

This purchase marks a significant step for SAL as it extends its reach into European logistics, positioning the Saudi firm to better serve international cargo markets while reinforcing its global expansion strategy.