Saudi Ground Services Co (4031)

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News

23 September 08:32 AM Saudi Ground Services to distribute SAR 188m dividends for H2-25

Riyadh – Mubasher: The board of Saudi Ground Services Company agreed to distribute SAR 188 million in cash dividends to shareholders for the second half (H2) of 2025. The payout represents 10% of the share nominal value. The distribution will be …

Cash Dividends

7 September 02:24 PM Saudi Ground Services gets contract termination notice from flynas

Riyadh – Mubasher: Saudi Ground Services Company (SGS) received a written notice on 6 September from  Flynas Company regarding the termination of their ground handling services contract. The termination follows a contractual clause requiring a …

Company News

6 August 09:33 PM Saudi Ground Services reports SAR 56.5m losses in Q2-26

Riyadh – Mubasher: Saudi Ground Services Company (SGS) turned to net losses valued at SAR 56.58 million for the second quarter (Q2) of 2026, compared to a net profit of SAR 99.37 million in Q2-25. The company attributed the downturn to a 7.81% …

Company News

11 June 02:54 PM Saudi Ground Services’ shareholders authorize dividends, ratify major contracts

Riyadh – Mubasher: Saudi Ground Services Company (SGS) has announced the results of its Ordinary General Assembly meeting, where the shareholders approved a mandate for the board of directors to distribute interim dividends for the 2026 fiscal …

General Assembly

31 May 02:20 PM Saudi Ground Services secures SAR 6.3bn contract with Saudia

Riyadh – Mubasher: Saudi Ground Services Company (SGS) has received a major contract award from Saudi Airlines for Air Transport Company (Saudia), a related party, to provide comprehensive ground handling and passenger services across all airports …

Company News

7 May 11:34 AM Saudi Ground Services records nearly SAR 60.5m net profit amid higher revenue in Q1-26

Riyadh – Mubasher: Saudi Ground Services Company registered net profits worth SAR 60.45 million in the first quarter (Q1) of 2026, reflecting a 38.07% decrease from SAR 97.62 million in Q1-25. The earnings per share (EPS) stood at SAR 0.32 in …

Financial Results

28 April 03:17 PM Saudi Ground Services unveils SAR 315m project with Riyadh Airports

Riyadh - Mubasher: Saudi Ground Services Company (SGS) was awarded a SAR 314.88 million contract with Riyadh Airports Company to operate and maintain passenger boarding bridges and related services at King Khalid International Airport in Riyadh. …

Companies Investments

30 March 10:48 AM Saudi Ground Services’ profits hike 24% in 2025; revenues hit SAR 2.7bn

Riyadh - Mubasher: The net profits attributable to the shareholders of Saudi Ground Services Company (SGS) jumped by 23.75% year-on-year (YoY) to SAR 404.70 million in 2025 from SAR 327.03 million. Net revenues increased by 1.71% to SAR 2.79 …

Financial Results

10 November 2025 05:09 PM Saudi Ground Services achieves SAR 298.5m profits in 9M-25

Riyadh - Mubasher: Saudi Ground Services Company generated SAR 298.50 million in net profit during the first nine months (9M) of 2025, marking an annual leap of 29.06% from SAR 231.27 million. The earnings per share (EPS) totaled SAR 1.59 as of 30 …

Financial Results

28 September 2025 01:03 PM Saudi Ground Services to disburse SAR 188m cash dividends for H1-25

Riyadh - Mubasher: Saudi Ground Services Company announced SAR 188 million as interim cash dividends for the first half (H1) of 2025, according to a bourse filing. The Tadawul-listed company will pay out a dividend of SAR 1 per share, equivalent …

Board of Directors

7 August 2025 05:45 PM Saudi Ground Services posts 32% surge in H1-25 net profits

Riyadh - Mubasher: Saudi Ground Services Company reported 31.68% higher net profits at SAR 197 million during the first half (H1) of 2025, compared to SAR 149.59 million in H1-24. Revenues reached SAR 1.36 billion as of 30 June 2025, an annual …

Financial Results

20 May 2025 11:58 AM Saudi Ground Services obtains SAR 300m loan from Banque Saudi Fransi

Riyadh - Mubasher: Saudi Ground Services Company inked a sharia-compliant bank facility agreement worth SAR 300 million with Banque Saudi Fransi on 15 May 2025, according to a bourse disclosure. The loan is valid until 30 April 2026, which is …

Banking and Finance

12 May 2025 08:37 PM Saudi Ground Services sees 37% growth in Q1-25 net profit

Riyadh - Mubasher: Saudi Ground Services Company generated net profits worth SAR 97.62 million in the first quarter (Q1) of 2025, marking a 37.18% rise from SAR 71.16 million in Q1-24. The revenues increased by 2.80% year-on-year (YoY) to SAR …

Financial Results

13 March 2025 03:36 PM Saudi Ground Services generates higher revenue at SAR 2.6bn in 2024; net profit soars 55%

Riyadh – Mubasher: Saudi Ground Services Company achieved a 54.64% increase in net profit to SAR 327.03 million in 2024 compared to SAR 211.47 million in 2023. The annual growth in 2024 net profit was primarily driven by SAR 224.90 million …

Financial Results

6 November 2024 06:46 PM Saudi Ground Services achieves 54% growth in 9M-24 net profit on SAR 171m higher revenue

Riyadh – Mubasher: Saudi Ground Services Company registered net profits worth SAR 231.27 million during the first nine months (9M) of 2024 compared with SAR 149.85 million in 9M-23, signalling a 54.33% annual increase. The rise in Saudi Ground …

Financial Results

14 August 2024 09:00 AM Saudi Ground Services awarded SAR 1.5bn contract from Riyadh Air

Riyadh – Mubasher: Saudi Ground Services Company won a SAR 1.50 billion project award from the Aviation Services Company (Riyadh Air), on 12 August 2024, to provide ground handling services. The contract will commence on 1 September 2024 and will …

Companies Investments

7 August 2024 01:21 PM Saudi Ground Services reports leap in H1-24 profits to SAR 149.5m

Riyadh – Mubasher: The net profits of Saudi Ground Services Company hiked by 66.26% to SAR 149.59 million in the first half (H1) of 2024 from SAR 89.97 million in H1-23. The company posted 12.54% year-on-year (YoY) higher revenues at SAR 1.33 …

Financial Results

26 May 2024 10:23 AM Saudi Ground Services launches travel subsidiary

Riyadh – Mubasher: Saudi Ground Services Company’s board has approved the establishment of a fully-owned subsidiary under the name Ground Service Company for Travel and Tourism Services in Saudi Arabia. The new subsidiary is a limited liability …

Board of Directors

13 May 2024 11:15 AM Saudi Ground Services logs 78% higher profits in Q1-24

Riyadh – Mubasher: Saudi Ground Services Company posted net profits valued at SAR 71.16 million in the first quarter (Q1) of 2024, marking a 77.71% surge from SAR 40.04 million in Q1-23. The revenues hit SAR 653.19 million in Q1-24, up 15.84% …

Financial Results

14 April 2024 04:20 PM Saudi Ground Services signs 5-year contract with flynas; value estimated at SAR 2bn

Riyadh – Mubasher: The Saudi Ground Services Company has signed a contract renewal deal with flynas on 13 April 2024, according to a bourse filing. Under the five-year contract, Saudi Ground Services will provide flynas domestic and international …

Companies Investments

25 March 2024 00:49 PM Saudi Ground Services switches to profitability in 2023

Riyadh – Mubasher: Saudi Ground Services Company shifted to profitability in 2023, recording a net profit of SAR 211.47 million, versus a net loss of SAR 244.48 million in 2022. Revenues jumped 24.37% year-on-year (YoY) to SAR 2.45 billion last …

Financial Results

1 February 2024 01:22 PM Saudi Ground Services unveil SAR 800m deal with Flyadeal

Riyadh – Mubasher: Saudi Ground Services Company renewed its contract with Flyadeal Company, on 31 January 2024, to provide the latter with ground handling services at airports. The agreement is expected to be valid for three years until 31 …

Companies Investments

6 November 2023 00:21 PM Saudi Ground Services turns profitable in 9M-23; revenues hit SAR 1.83bn

Riyadh – Mubasher: Saudi Ground Services Company swung to net profits after Zakat and tax valued at SAR 149.85 million in the first nine months (9M) of 2023, against net losses worth SAR 136.71 million in 9M-22. Revenues amounted to SAR 1.83 …

Financial Results

14 August 2023 02:05 PM Saudi Ground Services swings to SAR 90m profits in H1-23

Riyadh – Mubasher: Saudi Ground Services Company shifted to net profits after Zakat and tax amounting to SAR 89.97 million in the first half (H1) of 2023, against net losses valued at SAR 85.86 million in H1-22. Revenues hiked by 29.31% …

Financial Results

3 July 2023 10:36 AM Saudi Ground Services inks SAR 105m agreement with Bupa Arabia

Riyadh – Mubasher: Saudi Ground Services Company penned a SAR 105 million deal with Bupa Arabia for Cooperative Insurance Company on 2 July, according to a bourse filing. Under the agreement, Bupa Arabia will offer medical insurance services for …

Companies Investments