| Element List | Explanation |
|---|---|
| Introduction | Saudi Ground Services Company announces that it has received an award letter dated 21/05/2026 from Saudi Airlines for Air Transport Company (a Related Party) for the provision of ground handling, ramp handling, and passenger services for its domestic and international flights at all airports across the Kingdom of Saudi Arabia. The contract term is five years, commencing on 01/04/2026 and ending on 31/03/2031. The estimated value of the contract over the five-year period is SAR 6.3 billion. The Company expects that the contract will contribute to the sustainability of its business and enhance its operational performance, and that the financial impact of this contract will commence from the second quarter of 2026. |
| Date of the Award | 2026-05-21 Corresponding to 1447-12-04 |
| Counterparty | Saudi Airlines for Air Transport Company |
| Contract Value | SAR 6.3 billion on an estimate basis |
| Contract Details | Saudi Ground Services Company will provide ground handling services, ramp services, and passenger services for Saudi Arabian Air Transport Company’s domestic and international flights across all airports in the Kingdom. |
| Related Parties | Mr. Nasser AlQawas (Non-Executive Board Member) Mr. Fahad Moussa (Non-Executive Board Member) Mr. Amer AlKhushail (Non-Executive Board Member) |
| Additional Information | NA |
Saudi Ground Services Company Announces the Award of a Contract with Saudi Airlines for Air Transport Company (a Related Party)
AI Summary
- Saudi Ground Services Company was awarded a contract by Saudi Airlines for Air Transport Company (a related party) with an estimated value of SAR 6.3 billion.
- The contract covers ground handling, ramp handling, and passenger services for domestic and international flights at all airports in Saudi Arabia.
- The agreement spans five years, starting April 1, 2026, through March 31, 2031, with financial impact expected to begin in Q2 2026.
- Related parties involved in the deal include non-executive board members Mr. Nasser AlQawas, Mr. Fahad Moussa, and Mr. Amer AlKhushail.
