SGS consortium wins Riyadh Airports maintenance contract

06/05/2026 11:26 AST

Saudi Ground Services Company (SGS) has announced that it has secured a SAR315 million ($84 million) contract from Riyadh Airports Company for carrying out the operation and maintenance of passenger boarding bridges and related services at King Khalid International Airport (KKIA).

The contract will be executed in a consortium with Jusoor Airports for Operations and Maintenance Co., in which SGS holds a 51% stake, the company said in its filing to Saudi bourse tadawul.

The contract term is for a five-years period with an option to extend for up to three additional years, it stated.

Under this contract, the SGS-Jusoor Airports consortium will provide the operation and facilities management services for passenger boarding bridges, ground power units, pre-conditioned air systems, and visual docking guidance systems at KKIA.

The contract will be assigned to Jusoor after securing the necessary licenses to carry out the activity and upon approval of Riyadh Airports Company, it stated.

The financial impact of the deal is expected to be realised starting from Q2, it added.


Trade Arabia

News

SGS Company serviced 87,873,034 passengers in 2017

31/01/2018

For the leading national ground handling Saudi Ground Services Company (SGS) 2017 was a very busy year, where the company served over 87,873,000 passengers and 344,028 flights for 99 of SGS airline c

Saudi Gazette

SAUDI GROUND SERVICES ANNOUNCES THE RESIGNATION OF TWO BOARD MEMBERS

10/08/2015

Saudi Ground Services Co. announces that Board Member Mr. Rashid Bin Abdullah Almuqait (Independent) has submitted his resignation to Board of Directors on 06-08-2015 to avoid conflict of interest as

Tadawul

Saudi Airlines unit eyes $752m from IPO

28/05/2015

Saudi Ground Services Company, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 per cent initial share sale at 50 riyals ($13.3) per share, a statement from the company

Reuters

Most Viewed Companies

Ticker Price Volume

Valuation

SGS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
QGTS 4.41 0.02 (0.45%)
SAL 165.60 0.70 (0.42%)
QNNS 10.38 0.07 (0.67%)
FLYNAS 52.00 -1.35 (-2.54%)
SISCOHOLDING 32.90 -2.28 (-6.49%)

Recent News

Salik fines steady as traffic stays softer during Q1 amid regional conflict

11/05/2026

Salik Company, Dubai's sole toll gate operator, said on Monday that fines reached Dh69.1 million in the first quarter of 2026, up just 1 per cent compared to the same period last year, as total charg

Khaleej Times

Markaz announces new leadership appointments

11/05/2026

Kuwait Financial Centre (Markaz) has announced a number of new leadership appointments approved by its Board of Directors during the board meeting held on May 7.

Abdullatif Al-Nusif has been

Trade Arabia

Cenomi Retail posts revenue growth of 2.2% to $361m

11/05/2026

Cenomi Retail, a leading franchise retailer in Saudi Arabia, reported a revenue growth of 2.4% year-on-year (YoY) in Q1-2026, to SAR1.36 billion ($360.98 million).

The growth was underpinned

Trade Arabia

Gulf Bank holds 'Entertainment Day' to foster financial literacy among children

11/05/2026

As part of its ongoing efforts to reward its customers and promote financial awareness among younger generations, Gulf Bank organized a special entertainment day for children who are neo account cust

Kuwait Times

Al Ramz Corp launches asset management unit

11/05/2026

Al Ramz Corporation, a leading financial services institution with a 25-year legacy in capital markets, has announced the launch of its new asset management subsidiary, ARAM Capital Partners, a regul

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap