SGS signs ground handling contract with Flynas

The agreement was signed by Saudi Ground Services Company Chief Executive Officer Capt. Fahd Cynndy and Bandar Al-Muhanna, chief executive of Flynas.
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Updated 05 January 2020
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SGS signs ground handling contract with Flynas

The Saudi Ground Services Company (SGS), a provider of ground handling services across all airports in the Kingdom, has signed a contract worth SR1 billion ($267 million) with Flynas, the Saudi low-cost carrier, to provide ground handling services to domestic and international flights.
Under the five-year agreement, which came into effect on Jan. 1, SGS will provide ramp and passenger services to keep pace with the expansionary flight plans of Flynas at all 28 airports in the Kingdom.
The company expects the deal to enhance business sustainability, boost cash flows, and positively impact its financial results as of the first quarter of 2020.
Commenting on the agreement, SGS Chief Executive Capt. Fahd Cynndy said: “The Saudi Ground Services Company is always proud to provide ground handling services to domestic and international airlines, and today we are pleased to sign a deal with the national carrier Flynas, our success partner, to increase the operational strategy of Flynas at all airports in the Kingdom.”
He added: “The new contract is an essential part of our strategy to continue serving direct and indirect customers — airlines, passengers and logistics providers.”

The Saudi Ground Services Company is always proud to provide ground handling services to domestic and international airlines, and today we are pleased to sign a deal with the national carrier Flynas.

Capt. Fahd Cynndy, SGS Chief Executive

Bandar Al-Muhanna, chief executive of Flynas, expressed his happiness over the signing of the contract with the largest ground services providers in the Kingdom to serve guests, starting from the booking of tickets until the end of the travel journey.
Al-Muhanna added: “The Saudi Ground Services Company has the operational readiness to keep pace with the expansion plans of Flynas over the next five years.”
Flynas operates more than 1,200 flights a week to 35 domestic and international destinations on its fleet of 30 aircraft. Meanwhile, the Saudi Ground Services Company in 2019 provided ground handling services to more than 46,000 flights of Flynas at all airports across the Kingdom. Their activities range from face-to-face passenger services through seamless execution of the hundreds of complex behind-the-scenes operations that keep aircraft flying on-time, to keeping passengers and their possessions together.


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.