Saudi Ground Services Co. (SGS) served a total of 68 million passengers across the kingdom’s 27 airports last year, chief executive officer Qaid bin Khalaf Al-Otaibi said in a statement ahead of the company’s planned IPO.

 

Argaam reported earlier this month on the Saudi market regulator’s approval on an initial public offering (IPO) of SGS shares, which is set to held from June 3 to June 9. The company is planning to float 56.4 million shares, or 30 percent of its capital.

 

HSBC Saudi Arabia has been selected as the lead advisor of the offering.  

 

The aviation ground handler also covered a total of 290,000 flights during Q1, Al-Otaibi added.

 

The company provides a full range of passenger services including ticketing, check-in, boarding, special assistance, baggage handling, cargo loading and offloading, among others.

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