Saudi Ground Services Co. Announces Contract Sign Off with Flynas
| Element List | Explanation |
|---|---|
| Introduction | Saudi Ground Services Company announces its agreement renewal with flynas on 31-12-2019 for a period of five years, effective: 01-01-2020 to 31-12-2024.
Under this contract, Saudi Ground Services Company will provide flynas domestic and international flights with ground handling services, including ramp and passenger services at all the Kingdom’s Airports. The estimated value of the contract is one billion Saudi riyals, which will contribute to the sustainability of the company’s business, increasing its liquidity, enhancing its business and positively influencing its financial results starting from the first quarter of 2020 AD. |
| Date of Announcement of the Award | 2019-12-31 Corresponding to 1441-05-05 |
| Contract Subject Matter | Providing ground handling services for flynas flights |
| Date of Signing the Contract | 2019-12-31 Corresponding to 1441-05-05 |
| Contract Value | One Billion Saudi Riyals |
| Contract Details | Under this contract, Saudi Ground Services Company will provide flynas domestic and international flights with ground handling services, including ramp and passenger services at all the Kingdom’s Airports. |
| Contract Duration | 5 Years |
| Financial Impact and the Relevant Period | As of first quarter in 2020 |
| Related Parties | N/A |
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