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SAL Saudi Logistics Services Co. announced that its subsidiary, SAL Zones, has secured a Shariah-compliant credit facility agreement valued at SAR 2.5 billion with Saudi Awwal Bank (SAB). The facility carries a 15-year tenor and is backed by a bank guarantee from SAL along with promissory notes. There are no related parties involved in this financing deal.
The secured funding is dedicated to financing both capital and operating expenditures required for the development of the SAL Logistics Zone project. This substantial long-term credit agreement underscores the growing support from major Saudi financial institutions for strategic domestic infrastructure projects under the Vision 2030 framework.
Investors will be watching how efficiently SAL deploys this leverage to accelerate project execution and drive long-term revenue growth. The deal reflects robust liquidity within the Saudi banking sector and continuous credit expansion toward high-impact logistics and commercial hub developments.
