Saudi airport services provider signs deal with EgyptAir

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Updated 21 November 2021
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Saudi airport services provider signs deal with EgyptAir

The Saudi Ground Services Company (SGSC) will start serving EgyptAir flights in all airports in the Kingdom under a new contract.

Before the deal, the Saudi firm only served EgyptAir flights in two airports in the Kingdom - Abha International Airport and Prince Nayef International Airport in Qassim. 

The contract, signed during the ongoing Dubai Airshow, expands SGSC’s mandate to provide ground handling services and solutions to the Egyptian carrier. 

It comes as the airline's Chairman Amr Nabil, who signed the deal, expects the operating volume of Saudi airports to reach pre-pandemic levels, during which the airlines averaged 100 flights per week in six airports in the Kingdom, excluding peak operations seasons in Hajj and Umrah.  

Raed Al-Idrissi, chief executive officer, of the SGS, said: “The Saudi Ground Services Company is proud of this partnership, and always looks forward to providing services to EgyptAir.”

The Saudi Ground Services Company has served more than 60,000 “in and out” flights belonging to EgyptAir during the previous Hajj and Umrah seasons. 


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.