Saudia bracing for IPO of extra associates: Transport minister

RIYADH: Saudi Arabia is bracing for floating and itemizing SAL Saudi Logistics Providers and several other associates of Saudia, within the inventory market, Arab Information quoted Minister of Transport and Logistics Providers, Saleh Al-Jasser, as saying.

SAL is finishing the required paperwork after making use of for an IPO and is ready for the Capital Market Authority to set the share sale date, he instructed Argaam on the sidelines of the Saudi Funds Discussion board 2022 on Monday.

There are some strategic companions in some associates, that are bracing for going public, he stated.

Saudia accomplished its transformation plan, developed its providers, and enhanced its working effectivity and fleet in parallel with the privatisation of a few of its operations, Al-Jasser added.

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