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Saudi Airlines Catering to commence trading on Saudi Stock Exchange on 09-Jul-2012

6-Jul-2012 4:15 PM

Saudi Airlines Catering Co will commence trading (04-Jul-2012) on the Saudi Arabian Stock Exchange on 09-Jul-2012. It is the first of six corporatised business units split from Saudi Arabian Airlines in 2006 to be listed on the stock market. There are plans to privatise the other five units, including Saudi Arabian Cargo and the mainline Saudia passenger airline business. As previously reported, the catering firm raised SAR1.3 billion (USD350 million) through its 30% IPO in Jun-2012. [more - original PR]