IssuerAnnouncementDetailsV2Portlet
Sadr Logistics Co. Announces Contract Sign of a logistics services contract for the SADR Park project with Starlinks
| Element List | Explanation |
|---|---|
| Introduction | SADR Logistics Company announces the signing of a 10-year logistics services contract for the SADR Park project with (Starlinks) Company. |
| Date of Announcement of the Award | 2025-08-20 Corresponding to 1447-02-26 |
| Contract Subject Matter | Logistics and warehousing services for others. |
| The Entity with Which the Contract was Signed | Starlinks |
| Date of Signing the Contract | 2025-08-20 Corresponding to 1447-02-26 |
| Contract Value | The contract value is SAR 249,339,372 excluding Value Added Tax (VAT). |
| Contract Details | SADR Logistics Company has signed a 10 years second-party (2PL) warehousing logistics services contract, starting from September 2025, with a total value of 249,339 million SAR, Under the terms of the agreement, SADR will lease the 'SADR Park' project which includes warehouses and cold storage facilities to Starlinks, allowing them to operate and store their clients' goods. |
| Contract Duration | The contract is binding on both parties for a period of 10 years, commencing on September 1, 2025. |
| Financial Impact and the Relevant Period | The financial impact will begin during the third quarter of this year, 2025. |
| Related Parties | There are no related parties in this contract. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.