2012-06-19 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi Arabian Airlines has confirmed its catering unit is seeking to raise SR1.3bn ($350m ) by floating 30% of its shares, as the initial public offer opened to retail investors yesterday, Reuters has reported. The airline started a process of privatisation in 2006 by splitting into six units: catering, cargo, maintenance, airlines, flight academy and ground handling. It plans to privatise each of the units individually and offer them to the public. The catering unit initially aimed for a flotation in late 2010, but it ran into delays in securing regulatory approval.  

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