Loading
11-Aug-2010 11:23 AM

Kuwait Airways' privatisation set for Mar-2011

Kuwait Airways stated the legal transfer of the carrier to a new private shareholding company is scheduled to be completed by 01-Mar-2011 (MEED, 10-Aug-2010). The Board of the new company, which will have capital of KWD220 million (USD769 million), will be elected by Saudi Arabia's General Assembly. Once the transfer is completed, the public will be invited to subscribe.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More