Saudia could list cargo unit in 2018, says Al-Jasser

Saudi Arabian Airlines (Saudia) could list 30 percent of shares of its cargo business next year as part of the state-owned carrier's privatization plan, Saleh Al-Jasser, the carrier's director-general, told Reuters on Thursday.

Following that the airline's private aviation or medical business could be listed, he added.

The national carrier also said it is planning to list its maintenance and flight academy units, and the airline itself.

In May Reuters reported that Saudia has mandated advisors for the full sale of its Jeddah-based medical unit.

Saudi Airlines Catering Co. raised $347 million with an IPO of 30 percent of its shares in 2012. Saudi Ground Services Co was listed in 2015.