On May 31, 2026, Saudi Ground Services Company announced it was awarded a five-year contract by Saudi Airlines for Air Transport Company (a related party) to provide ground handling, ramp handling, and passenger services for domestic and international flights at all airports across Saudi Arabia. The contract, awarded on May 21, 2026, runs from April 1, 2026 to March 31, 2031, with an estimated value of SAR 6.3 billion over the five-year period. The company expects the contract to contribute to business sustainability and enhance operational performance, with financial impact beginning in the second quarter of 2026.

Original announcement:

Important 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.