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SADR

20 August, 2025 16:09

Sadr Logistics Co. Announces Contract Sign of a logistics services contract for the SADR Park project with Starlinks

Element ListExplanation
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.

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