IssuerAnnouncementDetailsV2Portlet
Saudi Ground Services Co. Announces Contract Sign Off with Flynas
Element List | Explanation |
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Introduction | The Saudi Ground Services Company announces the signing of a contract renewal with Flynas on 13-04-2024 for a duration of five years. Under this contract, the Saudi Ground Services Company will provide Fynas domestic and international flights with ground handling services, including ramp and passenger services, at all airports in the Kingdom. |
Date of Announcement of the Award | 2024-04-04 Corresponding to 1445-09-25 |
Contract Subject Matter | Providing ground handling services for Flynas within the Kingdom's airports |
The Entity with Which the Contract was Signed | Flynas |
Date of Signing the Contract | 2024-04-13 Corresponding to 1445-10-04 |
Contract Value | The expected contract value within five years is around (2,000,000,000) Saudi Riyals |
Contract Details | The Saudi Ground Services Company will provide Fynas domestic and international flights with ground handling services, including ramp and passenger services, at all airports in the Kingdom |
Contract Duration | The contract is valid for five years starting from 01-01-2024 until 31-12-2028 |
Financial Impact and the Relevant Period | Sustainable for the company revenues during the contract period |
Related Parties | No Related Parties |
Additional Information | Saudi Ground Services Company confirms that the contract is in the ordinary course of business and has no preferential treatment |
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.