Saudi Ground Services

Saudi Ground Services Company reports **SAR 585.27 million in Q3 2026 sales**, down from SAR 683.38 million in the same period last year. The company records a **net loss of SAR 32.49 million**, reversing a net income of SAR 101.5 million year-over-year. Financial performance reflects declining revenue and profitability for the quarter.

Nov 2026MarketScreenerNews article

Saudi Ground Services Co. (SGS) reports a **28.6 million SAR net loss** for the nine months ending September 30, 2026, reversing a **298.5 million SAR profit** from the same period the prior year. Revenue declines **7.4% to 1.89 billion SAR**, while operational costs rise alongside a **32.8 million SAR impairment** on customer-relationship intangible assets. The downturn stems from reduced activity and higher expenses.

Nov 2026The Saudi StandardNews article

Saudi Ground Services Company (SGS) has been notified by Flynas to terminate their ground handling services agreement. The termination follows a contractual clause allowing Flynas to end the partnership with six months' prior written notice. The move impacts SGS’s aviation service operations under the existing contract terms.

Sep 2026MaaalNews article

Saudi low-cost airline **Flynas** acquires a **10% stake in Swissport Saudi Arabia** for **$13.3 million** and partners with Swissport for ground-handling services at Saudi airports. The deal expands Flynas’ operational footprint while integrating Swissport’s infrastructure across the Kingdom.

Sep 2026arabnews.comNews article