Saudi Ground Services Company announced the approval of the Board of Directors on May 23, 2024 to establish a 100% owned new subsidiary as a limited liability company in the Kingdom of Saudi Arabia under the name "Ground Service Company for Travel and Tourism Services." The subsidiary will have a share capital of SAR 500,000. This decision follows the fulfillment of the requirements set by the relevant authorities and regulations for conducting the activities outlined below, in accordance with the National Economic Activities Classification Guide, after obtaining the necessary approvals from the competent authorities:- Travel agency activities; Activities related to air transport services. This step is in line with the strategic direction of Saudi Ground Services Company, aiming for growth, business development, and diversification of its revenues.