Saudi Ground Services Wins SAR 315M Airport Contract
SGS 4031.SA | 0.00 |
Saudi Ground Services Co. announced on April 28, 2026 that it has been awarded a contract by Riyadh Airports Company for the operation and maintenance of passenger boarding bridges and related services at King Khalid International Airport in Riyadh. The contract, valued at SAR 314,887,200, will be executed through a consortium with Jusoor Airports Operation and Maintenance Company, in which Saudi Ground Services holds a 51% ownership stake. The five-year contract commences on May 1, 2026, with an option to extend for up to three additional years, covering services including passenger boarding bridges, ground power units, pre-conditioned air systems, and visual docking guidance systems. The financial impact is expected to begin in the second quarter of 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94716&anCat=1&cs=4031&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
