Daily Archives: August 13, 2006

Saudia to Sell Off Stake in Catering Division

RIYADH- In a major boost to the Kingdom’s privatization plan, Saudi Arabian Airlines yesterday kicked off the long-awaited bidding process for a stake of up to 49 percent of its catering division. The catering division is one of Saudi’s five sectors that the company plans to privatize by the end of 2007 before floating a stake in its core transport business.

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