SAL Zones secures SAR 2.5bn funding from SAB

SAB
1060 0.18% 34.24 0.06 SAL
4263 -1.92% 168.80 -3.30

Riyadh — Mubasher: SAL Saudi Logistics Services Company announced that its subsidiary, SAL Zones, entered into a Sharia-compliant credit facility agreement valued at SAR 2.50 billion with Saudi Awwal Bank (SAB).

The financing agreement was finalized on 24 August 2026 and carries a total duration of 15 years, according to a bourse disclosure.

Meanwhile, the funding is intended to finance capital and operational expenditures required for the development of SAL logistics zone projects across Saudi Arabia.

To secure the credit facility, SAL provided a corporate guarantee and promissory notes.

The listed company confirmed there are no related parties involved in the transaction.

This credit facility aligns with the group's strategic objectives to expand its logistics infrastructure and operational capacity within the Kingdom.

Source: Mubasher Source: {{details.article.source}}