Huge Contract Between "Saudi Ground Services" and Riyadh Airlines

The Saudi Ground Services Company announced today, Monday, that it has won a contract worth a total of 1.5 billion riyals (399.65 million USD) from Riyadh Airlines. The company stated in a statement to the Saudi stock exchange that the contract pertains to providing ground handling services at King Khalid International Airport in Riyadh for all flights of Riyadh Airlines, including ramp services and passenger terminal services for domestic and international flights. It clarified that the contract begins on September 1st, and has a duration of four and a half years, with an option to extend for two additional years, indicating that this value applies to the entire period, which is six and a half years.