Khaled Zafer & Brothers Logistics, a leading player in the transportation and warehousing sector in Saudi Arabia, announced the opening of its new warehouse in the Al-Manakh district of Riyadh. This strategic move is part of the company's ambitious expansion plan, which aims to enhance its operational efficiency and expand its warehouse network to provide integrated and innovative logistics services to its clients.
General context and objectives of Vision 2030
This expansion is part of the rapid growth witnessed by the logistics sector in the Kingdom, which is a key pillar of Saudi Vision 2030. The Vision aims to transform the Kingdom into a global logistics hub connecting three continents by developing infrastructure, enhancing the efficiency of supply chains, and encouraging private sector investment. The opening of modern facilities like the Khalid Dhafer & Bros. warehouse is a practical application of these objectives, contributing to building a robust logistics network capable of meeting the demands of the growing national economy.
The importance of the event and its expected impact
According to the company's statement published on the Saudi Stock Exchange (Tadawul) website, this opening aims to support the company's operational growth and improve the efficiency of its storage and distribution operations. This step is expected to have a multifaceted positive impact
- On a local level, the new warehouse will enhance the company's ability to meet the growing demand for its services in Riyadh and the surrounding areas, a vital economic and population hub. It will also expedite deliveries and reduce operational costs, benefiting both businesses and individuals, while simultaneously creating new job opportunities in the region.
- Regionally, the expansion in Riyadh, the Kingdom's vibrant heart, represents a step towards strengthening connectivity between the Kingdom's various regions, facilitating the movement of goods and supporting national supply chains. Advanced logistics infrastructure in major cities is fundamental to an efficient transportation and distribution network covering the entire country.
Outlook and financial impact
The company clarified that the financial impact of this opening is expected to be reflected in its financial results by the end of the first quarter of 2026. It also affirmed its commitment to disclosing any material impact that may arise in the future, in accordance with applicable regulations and instructions, reflecting its commitment to transparency with investors and the markets. This investment underscores the company's confidence in the future of the Saudi economy and its ability to grow and contribute effectively to achieving national goals.
