Register for our free newsletter

 
 
Latest News

Saudi Arabian airlines gets catering unit IPO approval

Saudi-Arabian-Airlines-Catering-company

The offering, which will consist of 24.6 million shares, will be sold to the public between June 18-24, following a period of bookbuilding which will decide the price which prospective investors will pay.

May 27, 2012 5:36 by



Saudi Arabia’s Capital Market Authority (CMA) has given approval to Saudi Airlines Catering Company for an initial public offering of 30 percent of its stock, the regulator said in a bourse statement on Sunday.

The offering, which will consist of 24.6 million shares, will be sold to the public between June 18-24, following a period of bookbuilding which will decide the price which prospective investors will pay.

(Reporting by Angus McDowall; Editing by David French)



Tags: , , , ,

Leave a Comment