Saudi Arabian airlines gets catering unit IPO approval
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 Reuters
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)
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