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Saudi Ground Services Co. Announces Contract Award with Riyadh Airports Company for the operation and maintenance of passenger boarding bridges and related services at King Khalid International Airport in Riyadh to be executed in consortium with Jusoor Airports Operation and Maintenance Company

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2.58 %
1447/11/11     28/04/2026 08:00:41

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Introduction The Saudi Ground Services Company announces contract award with Riyadh Airports Company for the operation and maintenance of passenger boarding bridges and related services at King Khalid International Airport in Riyadh. The contract will be executed in consortium with Jusoor Airports Operation and Maintenance Company, in which Saudi Ground Services Co. holds a 51% ownership stake. The contract term is five years commencing on 1 May 2026, with an option to extend for up to three additional years.

A joint consortium has been formed between the two companies to provide the operation and facilities management of passenger boarding bridges, ground power units, pre-conditioned air systems, and visual docking guidance systems at King Khalid International Airport in Riyadh.

The contract will be assigned to Jusoor Airports Operation and Maintenance Company after obtaining the necessary licenses to carry out the activity and upon the approval of Riyadh Airports Company.

Date of the Award 2026-04-27 Corresponding to 1447-11-10
Counterparty Riyadh Airports Company
Contract Value With a total value of SAR 314,887,200 (Three Hundred and Fourteen Million Eight Hundred and Eighty-Seven Thousand Two Hundred Saudi Riyals only)
Contract Details The scope of services includes the operation and facilities management of passenger boarding bridges, ground power units, pre-conditioned air systems, and visual docking guidance systems at King Khalid International Airport in Riyadh
Related Parties N/A
Additional Information The financial impact of this contract is expected to commence from the second quarter of 2026

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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