SATS divests 49 per cent of its stake in SATS Saudi Arabia to Avilog Logistics Services Company for US$ 51.7 million. The deal aligns with the firm’s strategy to expand its presence in KSA’s growing logistics market, Isam Majid Al Muhaidib, representative of AVILOG, said. Avilog is a JV between Albawardi Holding Group and Abdulkadir Al Muhaidib and Sons Company. “Our collaboration with SATS and the formation of this new venture will enhance access to advanced logistics solutions, driving greater efficiency. By integrating our extensive capabilities into innovative logistics strategies, we are taking a bold step toward a brighter future. AVILOG embodies the Kingdom’s growth in logistics innovation and aligns with Saudi Vision 2030, aiming to position the Kingdom as a global logistics hub,” Muhaidib said.
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