Saudi Ground Services stock dips to lowest level since May 2020
- Date: 10-Nov-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Ground Services stock dips to lowest level since May 2020
Shares of Saudi Ground Services Co. (SGS) reached the lowest level since May 2020, at SAR 22.94 today, Nov. 10.
The stock lost 1% today, with a trading volume of 90,000 shares, so far.
Established in 2008, the company acquired the business and assets related to ground services of Saudi Airlines, Attar Ground Services and Attar Tourism and all stakes in National Handling Services Co. Ltd., with the aim of merging their businesses into a single entity.
SGS listed on the Saudi Stock Exchange (Tadawul) in 2015, and Saudi Arabian Airlines is its largest shareholder at 52.5%.
The company's core activities are represented in providing ground services to its domestic and international airline customers (regular and charter flights, private aviation, and royal flights) at all airports of the Kingdom.
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