Hello Aamir Ansari,
Thank you for reaching out to Microsoft Support!
After our test, the endpoint is no problem, can get the security group owner, for you get the security group owner is empty, please check the following points:
According to the document, Owners are currently not available in Microsoft Graph for groups that were created in Exchange, distribution groups, or groups that are synchronized from an on-premises environment.
And currently, service principals are not listed as group owners due to the staged rollout of service principals to the Microsoft Graph v1.0 endpoint. If your group owner is a service principal, the null case is the expected behavior.
Finally, when using delegated permissions, the logged-in user needs to be granted a role, as follows:
You can also retrieve the owners of other security groups to see if the same situation occurs.
Reference document:
https://learn.microsoft.com/en-us/graph/api/group-list-owners?view=graph-rest-1.0&tabs=http
Hope this helps.
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