7-Jul-2010 1:18 PM

Saudi Arabian Airlines to launch IPO of catering subsidiary by Mar-2011

Saudi Arabian Airlines announced plans to launch an initial public offering of Saudi Arabian Catering on the Saudi Arabian Bourse by Mar-2011 (Emirates Business 24/7, 06-Jul-2010). The privatisation of the carrier’s ground-handling subsidiary was scheduled to follow a privatisation of the catering subsidiary in 2009. The ground handling subsidiary will be merged between National Handling Services and Attar Travel, with Saudi Arabian Airlines to hold 75%, National Handling Services 21% and Attar Travel 4%.

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