SAL was established in 2019 as a carve-out from Saudia Cargo Company, but its operations trace back to 1945 with over 70 years of history. As Saudi Arabia expands its economic reach under Vision 2030, SAL remains a vital player in enhancing the country's logistical capabilities and international trade competitiveness.
Cyborg Score Rationale
The company demonstrated strong operational momentum with 2024 revenue of 1.63 billion SAR (up 12.24% YoY) and earnings of 661.44 million (up 29.77% YoY). Market capitalization stands at 14.60 billion SAR with a dividend yield of 3.73%. The company benefits from Saudi Arabia's strategic focus on logistics infrastructure, though market volatility and analyst neutrality suggest moderate growth trajectory.
Top Insights
Revenue grew 12.24% to 1.63B SAR in 2024, with net earnings surging 29.77% to 661.44M, demonstrating operational leverage and efficiency gains
Market leader in ground handling services operating 18 airports with integrated logistics across sea, air, and land transportation modes
Diversified revenue across three divisions: Air Cargo Handling, Logistics Solutions, and Fulfilment
Strategic beneficiary of Saudi Arabia's Vision 2030 economic diversification and infrastructure expansion initiatives
Named Competitors
International Ground Handling — International competitors in airport ground handling services
Customs Clearance & Forwarding — Regional players in customs and freight forwarding