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Ground Services posts 56.6M SAR loss in Q2 2026
The financial results of the Saudi Ground Services Company showed a transition to a loss of 56.6 million riyals in the second quarter of 2026, compared to profits of 99.37 million riyals in the same quarter of the previous year. This is mainly due to a decline in revenues by 53.8 million riyals resulting from a decrease in operational activity, along with an increase in expenses by 94.2 million riyals due to supporting Hajj and Umrah operations and administrative costs. While the company recorded a profit of 60.45 million riyals in the first quarter, it is expected to brace for a seasonal drop in revenues due to declining activity.
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