A related party includes affiliates of the Company (excluding wholly owned companies); substantial Shareholders, Directors and Senior Executives of the Company, or its substantial Shareholders; parents, spouse, and children of these persons; any Company controlled by these persons; and the directors of the Company’s affiliates. Pricing policies and terms for such transactions are approved by the Company’s management. All outstanding balances with related parties are managed in accordance with approved governance controls and under the supervision of the Company’s management, noting that these transactions are carried out on a commercial basis and without any preferential terms.
| Contracting Entity | Names of Related Parties | Nature of Work or Contract |
Contract Value (X) |
| Zakat, Tax and Customs Authority | Mr. Mohammad Abunayyan | Provision of unified services (handover of operational tasks for the cargo building) to Zakat, Tax and Customs Authority across multiple airports | – |
|
Saudi Airlines Cargo Company |
Mr. Mohammad Abunayyan, Mr. Fahad Moussa, Mr. Rasheed Alrasheed, Mr. Ahmad Alwassiah | Provision of information technology services | 5,057,444 |
|
Saudi Airlines Cargo Company |
Mr. Mohammad Abunayyan, Mr. Fahad Moussa, Mr. Rasheed Alrasheed, Mr. Ahmad Alwassiah | Provision of ground handling services | 194,593,961 |
| Bupa Arabia for Cooperative Insurance | Mr. Zaid AlGwaiz | Provision of health insurance policy | 33,557,636 |
| Tawseel Trading Company | Mr. Rayan Qutub | Provision of logistics services | 6,082,857 |
| Catrion Catering Holding Company |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Provision of supply agreement | 384,906 |
| Saudi Arabian Airlines Corporation |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Provision of discount on flight tickets | – |
| Saudia Royal Fleet |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Provision of logistics and warehouse management services | 7,146,656 |
| Saudi Ports Authority – Mawani | Mr. Rayan Qutub | Land lease at Jeddah Islamic Port | 42,160,000 |
| Saudia Private Aviation |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Charter handling services | 7,643,505 |
| Tawseel Trading Company | Mr. Rayan Qutub | Consolidation cargo handling services | – |
| Saudi Ground Services Company |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Ground handling services and equipment | 18,966,733 |
| Saudi Ground Services Company |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Fuel services | 2,195,223 |
| Saudi Ground Services Company |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Logistics services | 475,135 |
| NEOM Company | Mr. Mohammad Abunayyan | Logistics services | – |
| Saudia Aerospace Engineering Industries Company |
Mr. Fahad Moussa, Mr. Rasheed Alrasheed, Mr. Ahmad Alwassiah |
Warehouse and logistics management and material handling services | 77,167,287 |
| Prince Sultan Aviation Academy | Mr. Mohammad Abunayyan, Mr. Fahad Moussa, Mr. Rasheed Alrasheed, Dr. Ibraheem Sheerah, Mr. Ahmad Alwassiah | Framework agreement | 266,800 |
| Flyadeal Company | Mr. Fahad Moussa, Dr. Ibraheem Sheerah, Mr. Ahmad Alwassiah | Logistics services | 4,998,078 |
| Saudi Airlines Air Transport Company |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Handling services provided by the Company | 19,872,256 |
| Saudi Arabian Airlines Corporation |
Saudi Arabian Airlines Corporation (direct), Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Provision of IATA booklets, insurance policies, and IT services | 397,997 |
| Saudia Private Aviation |
Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah |
Ramp transportation services | 100,779 |
| Saudi Airlines Cargo Company | Mr. Mohammad Abunayyan, Mr. Fahad Moussa, Mr. Ahmad Alwassiah, Dr. Ibraheem Sheerah | Charter flight services | 1,875,000 |
| Saudi Airlines Cargo Company | Mr. Mohammad Abunayyan, Mr. Rasheed Alrasheed, Mr. Fahad Moussa, Mr. Ahmad Alwassiah | Air waybill services | 9,323,017 |