SAL Saudi Logistics Services Co. Announces Addendum to the Agreement Sign-Off with Saudi Ground Services Company
| Element List | Explanation |
|---|---|
| Introduction | SAL Saudi Logistics Services is pleased to announce Addendum to the Agreement Sign-Off with Saudi Ground Services Company for Providing SAL with ramp and cargo aircraft preparation services, including cargo aircraft cleaning and water services. |
| Date of Announcement of the Award | 2025-07-21 Corresponding to 1447-01-26 |
| Contract Subject Matter | The Company entered into a Service Agreement with Saudi Ground Services Company (“SGS”), pursuant to which SGS to offer ramp and cargo aircraft preparation services, including cargo aircraft cleaning and water services. |
| The Entity with Which the Contract was Signed | Saudi Ground Services Company (“SGS”) |
| Date of Signing the Contract | 2025-07-21 Corresponding to 1447-01-26 |
| Contract Value | The value of the Agreement is based on the demand for services at the prices specified in the Agreement. |
| Contract Details | Providing SAL with ramp and cargo aircraft preparation services, including cargo aircraft cleaning and water services. |
| Contract Duration | (3) three years, commencing from 1-1-2025 until 31-12-2027. |
| Financial Impact and the Relevant Period | The estimated annual cost is approximately SAR 16 million (For each of the contracted years). |
| 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 • Ahmad Abdulaziz Alwassiah • Ibraheem Adel Sheerah |
| Additional Information | We would like to inform the esteemed shareholders that the main contract dated 1-1-2022 was disclosed at SAL prospectus. Furthermore, please be advised that this Addendum was signed on 21-7-2025, and it will be effective retroactively from January 1, 2025. |
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