During the year, there were no significant changes in the ownership structure of the Company. While on November 5, 2024, Tarabot Air Cargo Services Company, one of SAL’s major shareholders holding 21% of the Company’s shares transferred its stake to investment portfolios of companies owned by the same partners, this internal reallocation did not result in any change in ultimate ownership or control.
Late December this year, Vision International Investment Company has reduced its shareholding in SAL by approximately 3%, bringing its ownership down from 9.41% to 6.41% (7,526,400 shares vs 5,126,400 shares). The reduction in Vision International Investment Co.’s holding reflects an internal transfer of shares to two of its major shareholders.
| Shareholder |
Number of Shares |
Percentage |
| Saudi Arabian Airlines Corporation | 39,200,000 | 49% |
| Vision International Investment Company | 5,126,400 | 6.408% |