Saudi Airlines to IPO cargo unit

The cargo unit would be the second of six units to pursue a stock market listing.


Saudia Cargo


Saudi Arabian Airlines (Saudia) plans to conduct an initial public offer of shares in its cargo unit this year and for its maintenance business in 2015, a senior official said on Wednesday. The cargo unit would be the second of six units to pursue a stock market listing following Saudia’s decision in 2006 to privatise them.