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 4.36 -0.11 (-2.47%)
SAL 178.60 -1.40 (-0.78%)
QNNS 10.15 -0.10 (-0.98%)
FLYNAS 56.00 0.50 (0.90%)
SISCOHOLDING 34.56 0.30 (0.87%)

Recent News

Takween Advanced Industries Unveils Capital Restructuring Plan

24/06/2026

Takween Advanced Industries (Tadawul: 1201) has announced that its Board of Directors, in a meeting held on June 23, 2026, resolved to recommend a significant restructuring of the company's capital.

Borsatalkhaleej

NBK's exclusive offer for new Jawhara customers: KD 50 and a chance to become a millionaire

24/06/2026

National Bank of Kuwait (NBK) has launched an exclusive offer for new customers, enabling them to open an Al-Jawhara account seamlessly through the NBK Mobile Banking App, without the need to visit a

Kuwait Times

Action Energy Co appoints KIC as market maker to enhance share liquidity

24/06/2026

Action Energy Company KSCP. (listed on the Premier Market of Boursa Kuwait: ALFTAQA), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fl

Kuwait Times

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

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