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- Where Things Stand in the US-China Trade War
- Zain Group's Data Office holds workshop on AI strategies across mobile and ICT industry
- Wall Street opens higher
- Bahrain All Share Index, Islamic Index close higher
- Damac launches Chelsea Residences in Dubai Maritime City
- What is in the new US-UK trade deal?
- OQEP announces net profit exceeding OMR74.9 million
- Dubai Taxi Company revenue hits Dh588.3 million in Q1, driven by 8% YoY trip growth
- Dubai: Emaar Development records 28% growth in property sales
- Union Properties slashes more debt, eyes new projects after strong Q1
05/10/2017 19:24 AST
Saudi Arabian Airlines could list shares in its cargo business next year as part of the state-owned carrier's privatisation plan, its top executive said on Thursday.
Cargo would be the third unit to pursue an initial public offering (IPO) since the airline, also known as Saudia, decided in 2006 to privatise them.
He said after that the airline's private aviation or medical business could be listed.
Reuters reported in May that Saudia had engaged with advisors for the full sale of its medical unit, which is called Saudia Medical Services, based in Jeddah.
The airline has also said it plans to list its maintenance and flight academy units, and the airline itself.
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.
Reuters
07/05/2025
Saudi Arabia's national carrier, Saudia, is actively accelerating its fleet and network expansion plans. The airline is making significant moves, including major aircraft orders and pushing for faste
Arab News
30/04/2025
Saudi Arabia and China are strengthening their air cargo cooperation through a new agreement to create a joint freight hub as part of the Air Silk Road initiative.
The deal, inked between Sa
Arab News
24/04/2025
Saudia Group has signed a new agreement with Airbus to acquire 20 wide-body A330neo aircraft, including 10 confirmed orders for its low-cost carrier flyadeal, as part of its fleet expansion strategy.
Arab News
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09/05/2025
Zain Group, a leading provider of innovative ICT and digital lifestyle services operating in eight markets across the Middle East and Africa, concluded a captivating 'Data and AI' three-day workshop,
Kuwait Times
09/05/2025
Damac Properties has officially revealed Chelsea Residences by Damac, the iconic residential development born of its landmark global partnership with, Chelsea F.C.
Located in Dubai Maritim
Khaleej Times
09/05/2025
OQ Exploration and Production Company (OQEP) announced net profit exceeding OMR74.9 million ($194.7 million) during the first quarter of 2025. EBITDA reached OMR152.7 million ($397.1 million).
ONA
09/05/2025
Dubai Taxi Company on Thursday reported a five per cent in first quarter revenue to Dh588.3 million, with strong underlying performance across its core business lines.
DTC's taxi segment rev
Khaleej Times
09/05/2025
Emaar Development, the UAE's premier property developer, and a majority-owned subsidiary of Emaar Properties, on Thursday reported first quarter net profit before tax of Dh2.8 billion; an increase of
Khaleej Times
Financial Information Co.
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