Saudi SAL Logistics Services Company has finalized its acquisition of 100% of the share capital of Aviapartner Liège SA, establishing its first operational presence outside Saudi Arabia.
The transaction, announced on Sunday, represents a strategic pivot for the Riyadh-based logistics provider, moving beyond domestic operations to secure a foothold in the European air cargo market.
Aviapartner Liège, based in Belgium, is a key player in the European logistics sector, particularly in handling high-value and time-sensitive freight through Liège Airport, one of the continent's busiest cargo hubs.
The acquisition underscores SAL's ambition to integrate into global supply chains and leverage European infrastructure to enhance its international connectivity.
By taking full control of Aviapartner Liège, SAL gains immediate access to established networks, regulatory frameworks, and customer bases in Europe, reducing the time and risk associated with organic expansion.
This move aligns with broader Saudi economic diversification efforts, where state-linked and private firms are increasingly pursuing overseas assets to build global capabilities.