Saudi Post (SPL) acquired NAQEL Express, a leading domestic logistics supply chain solutions provider. SPL made the acquisition through its logistics arm – Saudi Post and Logistic Services Company.
According to the company, the move aims to make SPL a modern and integrated logistic service company for commerce and digital governance in the country. It aims to be the national operator for post and logistics services as part of its strategy to become the market leader by establishing a comprehensive work system with global competitive value. SPL President Anef Abanomi stated that the move is part of SPL’s ambitious strategy to strengthen SPL’s position as a national market operator.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
