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- QIC Group reports net profit of QR205m for Q1
- Gold prices fall
- China ramps up global yuan push, seizing on retreating dollar
- OPAZ, OQAE ink pact to drive energy efficiency in industrial zones
- Middle East Pizza Hut operator Americana Restaurants Q1-2025 revenues are healthy
- Dubai Airports off to a strong start in 2025, welcomes 23.4 million passengers in 3 months
- Saudi Arabia's shoppers are picking more gold jewellery - whatever the price
- Nakilat reports $118.9m Q1 net profit, up 3.2%
- Aldar Properties profit before tax jumps 33% to $599m
- GWC plans major solar energy projects in Qatar
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
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
29/09/2017
Saudi Arabian Airlines (SAUDIA), has received a 4-star rating from the Airline Passenger Experience Association (APEX).
The Award Ceremony was held as part of the Apex Expo 2017, attended
Arabian Aero Space
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30/04/2025
Qatar Insurance Group, the leading insurer in Qatar and the MENA region, has announced a robust net profit of QR205m for the first quarter of 2025, up from QR194m in Q1 2024. The results were approve
The Peninsula
30/04/2025
Americana Restaurants has turned around its fortunes with revenues up 16.2% in Q1-2025, to total $573.4 million, and with net profit a healthy 16.5% higher to $32.6 million. This reverses a string of
Gulfnews
30/04/2025
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in
Trade Arabia
30/04/2025
Aldar Properties has reported a 33% year-on-year increase in profit before tax to AED2.2 billion ($599 million) for the first quarter of 2025, with net profit after tax rising by 22% year-on-year to
Trade Arabia
30/04/2025
Gulf Warehousing Company (GWC) has announced the launch of one of the GCC's largest private solar energy projects - supercharging its sustainability efforts and cementing its role as a trailblazer in
Trade Arabia
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