Saudi Catering inks SAR 51 mln deal with Saudi Ground Services

24/11/2021 Argaam

Logo of Saudi Airlines Catering Co.

 Saudi Airlines Catering Co. (SACC) signed a contract worth nearly SAR 51 million with Saudi Ground Services Co. (SGS), the company said in a filing to Tadawul.

 

Under the two-year contract, SACC will provide catering services to SGS in some of its residential complexes and inside the terminals of Jeddah, Riyadh, Dammam, and Madinah. 

 

The deal is expected to reflect positively on the company's financials as of Q4 2021, which will boost its business sustainability through increasing the cash flow and enhancing its business relationship with customers.

 

Saudi Arabian Airlines Establishment is a related party, the statement added.

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