Saudia's Chief Financial Officer, Muhammad Albakri, has said that the IPO relating to the carrier's ground handling unit, Saudi Ground Services Company, will occur over the next few weeks.
There are hopes that the sale of a 30% stake in the company will raise SAR2bn (US$533m).
He added that IPOs for Saudia Cargo and the MRO division Saudia Aerospace Engineering Industries would follow in 2015 and 2017 respectively. The carrier is looking to offload a 30% stake in both for at least double the value of the Saudi Ground Services Company. In all, the airline hopes to raise SAR10bn from the sales.
