Investment Case

SAL is the Kingdom’s national logistics champion and leading air cargo platform, uniquely positioned to capture structural growth in trade and e-commerce

SAL balances ambition with capital discipline

SAL has transformed from a ground handler into an integrated logistics ecosystem

Serving +200 customers including airlines, freight forwarders and logistics operators

Operating in a highly regulated and infrastructure-intensive sector characterized by significant barriers to entry

Benefiting from long-standing relationships with airlines, regulators, and airport authorities - an advantage that new entrants would require many years to replicate

Operational excellence underpins SAL’s brand

SAL’s asset-backed model provides stability, strategic flexibility, and readiness.

SAL’s model generates strong operating cash flows

Experienced leadership team with ~250 years of combined industry experience, and strong governance

SAL enforces strict risk management policies aligned with global standards and industry best practices to effectively mitigate risks