Saudi Ground Services to offer 30% of its capital in an IPO by Q4-2014

15/05/2014 Argaam

Saudi Ground Services Company (SGS) is expected to sell 30% of its Capital in an IPO by the last quarter of 2014; Said the company’s chairman of the BOD, Eng. Khaled Al-Melhem.

He added that offering price will be determined by the capital market authority.

SGS was established in 2011 as an amalgamation of the three ground service providers, Saudi Arabian Airline Ground Services (75%), National Handling Services (21%) and Attar Ground Handling (4%); according to the data compiled by Argaam.

The company provides ground handling services in all Saudi commercial airports including passengers’ services and airport services.

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