Ground services lose over 56 million riyals in Q2
The Saudi Ground Services Company reported a loss of approximately 56.6 million Riyals in the second quarter of 2026, compared to a profit of 99 million Riyals in the same period of the previous year. Revenues declined to 635.1 million Riyals, a decrease of up to 7.7%, due to a reduction in operational activity volume, despite maintaining operational readiness. This resulted in a significant deterioration in financial performance, with losses for the first half of the year amounting to 3.9 million Riyals, compared to a profit of 197 million Riyals in the previous year. Revenues also dropped to 1.3 billion Riyals. Established in 2008, the company provides services to Saudi Arabia’s 29 airports and has a current market value of 5.8 billion Riyals. The Public Investment Fund of Saudi Aramco holds a majority stake in the company.
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