Saudi Arabia .. The arrow of “ground services” achieves the largest daily gains during 49 sessions

The share of the Saudi Ground Services Company, which is included in the Saudi stock market, “Tadawul”, increased by 3.63% during the trading of the session today, Wednesday, to trade at the price of 50.20 riyals per share, achieving the largest daily gains in 49 sessions.

The trading on the Saudi Ground Services Company at that time came through 518.30 thousand shares with a value of trading 25.96 million riyals.

The highest price for the share was at that time at 51.10 riyals, while the lowest price per share was at 47.70 riyals per share.

The preliminary financial results of the Saudi Ground Services Company revealed a strong growth in its net profits during the first quarter of 2025, by 37.2% on an annual basis, to reach net profit after zakat and tax 97.63 million riyals, compared to 71.16 million riyals in the same period last year.

On a quarterly basis, the net profit increased by 1.95%, compared to a net profit of 95.76 million riyals recorded in the last quarter of 2024.

The company explained that the increase in profits is mainly due to the increase in revenues by 18.3 million riyals, as a result of the growth of local and international air traffic, driven by an increase in the number of pilgrims during the quarter.

The company’s total revenues in the first quarter of 2025 amounted to about 671.5 million riyals, compared to 653.2 million riyals in the same quarter of the previous year, an increase of 2.8%.

It is noteworthy that “Saudi Arabia for Ground Services”, listed in the Saudi financial market (Tadawul) since June 2015, is considered one of the leading companies in the field of airport services, where it operates within the transportation sector, and its headquarters are located in Jeddah. The company was established in July 2008.