Saudia cargo unit next to go public, says Al Jasser

Saudi Arabian Airlines (Saudia) could list 30 percent of its cargo business as part of the state-owned carrier's privatization plan, Saleh Al Jasser, the carrier's director-general, told Al Arabiya TV.

The date of the initial public offering (IPO) has not yet been determined, he said, adding that the process is pending relevant regulatory approvals.

The airline's private aviation or medical business could be listed after the cargo unit, he added.

The national carrier is also planning to list its maintenance and flight academy units, as well as 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.