SAL Saudi Logistics Services Co. Announces the Signing of a Logistics Services Agreement with Flyadeal
| Element List | Explanation |
|---|---|
| Introduction | SAL Saudi Logistics Services (“SAL” or “the Company”) through SAL Logistics Division, is pleased to announce the signing of a logistics services agreement with Flyadeal. |
| Date of Announcement of the Award | 2025-11-25 Corresponding to 1447-06-04 |
| Contract Subject Matter | A services agreement for providing logistics services. |
| The Entity with Which the Contract was Signed | Flyadeal Company. |
| Date of Signing the Contract | 2025-11-25 Corresponding to 1447-06-04 |
| Contract Value | There is no fixed contract value; services will be priced, invoiced, and paid based on quotations and actual service requests issued by Flyadeal during the agreement term. |
| Contract Details | Under this agreement, SAL Logistics Division will provide Flyadeal with a range of logistics services, including freight forwarding, customs clearance, transportation, and warehousing etc.
This agreement reinforces SAL Logistics Division strategy to enhance the efficiency and reliability of its logistics services provided and reflects the strengthening of a long-term partnership with one of its distinguished partners. The collaboration further strengthens operational excellence and supports the expansion of SAL’s integrated service portfolio across the sector. |
| Contract Duration | This agreement is effective from 25/11/2025 for a period of three (3) years, automatically renewable unless either party notifies otherwise in accordance with the terms of the agreement. |
| Financial Impact and the Relevant Period | The agreement is expected to have a positive impact on the Company's financial results over the duration of the agreement. |
| Related Parties | Saudi Arabian Airlines Corporation has a direct interest in it.
And the following Board Members have an indirect interest in it:
• Fahad Abdullah Moussa • Ibraheem Adel Sheerah • Ahmad Abdulaziz Alwassiah |
| Additional Information | For any further inquiries, please contact the Investor Relations Department at the email: Investor.Relations@sal.sa |
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