Saudia to list shares of new units, says director general

19/04/2016 Argaam

Saudi Arabian Airlines (Saudia) is planning to list shares in some of the company's new units on Tadawul, the Saudi-based Okaz newspaper reported, citing state-owned carrier's director general, Saleh al-Jasser.

 

The move is part of the kingdom's wider plan to privatize the aviation sector.  No further details were provided on the planned initial public offerings (IPO).

 

Saudia has previously floated shares of its catering and ground services affiliates, Saudi Airlines Catering Co. and Saudi Ground Services Co. on the Saudi stock market.

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