SGS-led consortium gets $91m contract to operate passenger bridges at Jeddah's airport

RIYADH: A consortium of Saudi Ground Services Co. and Saudi Services and Operations Co. Ltd was awarded a SR342 million ($91.2 million) contract, according to a bourse filing.

Under the contract, the consoritum will operate and maintain passenger bridges at King Abdulaziz International Airport for a period of five years.

According to the statement, Saudi Ground Services Co. holds a 51-percent stake in the consortium.

The listed company also said that the impact of this transaction will be reflected on its financial statements in the second quarter.