Saudi Ground Services Co (4031)

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News

10 November 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 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 …

Cash Dividends

7 August 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 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 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 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

18 May 2023 00:07 PM Saudi Ground Services turns profitable in Q1-23 interim results

Riyadh – Mubasher: Saudi Ground Services Company swung to net profits after Zakat and tax worth SAR 40.04 million in the first quarter (Q1) of 2023, versus net losses amounting to SAR 19.01 million in Q1-22. The revenues totalled SAR 563.86 …

Financial Results

26 March 2023 02:25 PM Saudi Ground Services posts lower losses at SAR 244.5m in 2022

Riyadh – Mubasher: Saudi Ground Services Company registered net losses after Zakat and tax worth SAR 244.48 million in 2022, down 3.90% year-on-year (YoY) from SAR 254.41 million. Loss per share amounted to SAR 1.30 last year, versus SAR 1.35 in …

Financial Results

6 November 2022 03:15 PM Saudi Ground Services incurs nearly SAR 137m losses in 9M-22

Riyadh – Mubasher: The net losses after Zakat and tax of Saudi Ground Services Company shrank by 10.84% to SAR 136.71 million in the first nine months (9M) of 2022, compared to SAR 153.34 million in 9M-21. During the January-September 2022 period, …

Financial Results

24 August 2022 05:55 PM Saudi Ground Services’ losses shrink 22% in H1-22 interim results

Riyadh – Mubasher: Saudi Ground Services Company registered net losses after Zakat and tax worth SAR 85.86 million during the first half (H1) of 2022, down 21.84% from SAR 109.85 million in H1-21. The listed firm generated revenues of SAR 920.50 …

Financial Results

18 May 2022 06:45 PM Saudi Ground Services reports 14% higher losses in Q1-22 interim results

Riyadh – Mubasher: The net losses of Saudi Ground Services Company after Zakat and tax surged by 13.91% to SAR 19.01 million in the first quarter (Q1) of 2022 from SAR 16.69 million in Q1-21. During the January-March 2022 period, the company …

Financial Results

8 May 2022 00:52 PM Saudi Ground Services names new Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Ground Services Company has appointed Khalid Al Buainain as the new Chairman of the board for the coming three years. The Saudi listed company also named Omar Jefri as the Vice Chairman, according to a bourse filing on …

Management Decisions

12 April 2022 06:05 PM Consortium including Saudi Ground Services wins SAR 343m contract

Riyadh – Mubasher: A consortium comprising Saudi Ground Services Company as well as Saudi Services and Operations Company has been awarded an operation and maintenance contract at a total value of SAR 342.76 million. Upon the contract awarded on …

Companies Investments

27 March 2022 01:28 PM Saudi Ground Services incurs SAR 254.5m losses in 2021

Riyadh – Mubasher: Saudi Ground Services Company suffered net losses after Zakat and tax worth SAR 254.41 million last year, down 43.99% from SAR 454.29 million in 2020. Revenues soared by 28.44%, reaching SAR 1.60 billion in 2021, compared to SAR …

Financial Results