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Saudia begins privatisation
- Saudi Arabia: Saturday, August 12 - 2006 at 15:56
Saudi Arabian Airlines has commenced the initial stages of its plans to privatise five of its sectors, reported Reuters. The company today began to accept bids for a stake of up to 49% in its catering division. Interested parties have until September 27 to tender bids and Saudia hopes to have completed the entire privatisation scheme by the end of next year.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 12 - 2006 at 15:56 UAE local time (GMT+4)
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