August 22, 2017 8:32 AM ET

Airlines

Company Overview of Saudi Arabian Airlines Corporation

Company Overview

Saudi Arabian Airlines Corporation, an airlines company, operates a fleet of flights for passenger transportation to various destinations in Saudi Arabia and internationally. It also offers ground handling services, such as station management and company representation, passenger services (terminal services), heavy equipment operation, baggage services, cabin services, water and fleet services, ground support, weight and balance control, aircraft marshalling and parking, ramp operation, shipment escorting, and coordination with catering and fueling companies. The company was founded in 1945 and is based in Jeddah, Saudi Arabia with additional offices in Khartoum and Los Angeles.

P.O. Box 620

Jeddah,  21231

Saudi Arabia

Founded in 1945

Phone:

966 12 686 0000

Fax:

966 12 686 4587

Key Executives for Saudi Arabian Airlines Corporation

Chief Executive Officer
Age: 62
Compensation as of Fiscal Year 2017.

Saudi Arabian Airlines Corporation Key Developments

NMC Health Looking To Bid For Saudia

NMC Health Plc (LSE:NMC) is looking to buy hospitals and other medical facilities in Saudi Arabia where the government has announced privatization plans as part of efforts to reform the country's economy. NMC Health is especially interested in the bidding process for the health care unit of Saudi Arabian Airlines Corporation, known as Saudia, Bavaguthu Raghuram Shetty, founder and Non-Executive Chairman of NMC Health, said in an interview with Bloomberg TV. “I'm interested," he said. “Whenever there is a chance, I'll go. We have surplus funding, no problem."

Nmc Health, Ashmore, Dallah Reportedly Weighing Bids For Saudia Medical Unit

NMC Health Plc (LSE:NMC), Ashmore Group PLC (LSE:ASHM) and Dallah Healthcare Holding Co. (SASE:4004) are separately considering bids for the Jeddah-based medical services business of Saudi Arabian Airlines Corporation (Saudia) which could fetch $500 million, sources familiar with the deal said. Saudia has sent out a request for proposals for the sale of the business through Jadwa Investment asit seeks to reduce non-core assets, they said. Other Saudi healthcare companies may look at the business as well as healthcare groups such as Middle East Healthcare Company (SASE:4009) (Saudi German Hospital) and Dr. Sulaiman Al-Habib Medical Group, sources told Reuters. The sources declined to be identified because details of the bidding process are not public. Conversations are at an early stage of the process and a final list of bidders will only emerge when first round bids are submitted, sources said. After initial expressions of interest, Saudia is expected to shortlist three or four bidders for the process, one of the sources said. Saudia did not respond to a Reuters request for comment. Ashmore and NMC both declined to comment, while Dallah, Dr.Sulaiman Al Habib and Saudi German Hospital were not available to comment.

Saudi Arabia's Privatization Plans

Saudi Arabia has said it aims to raise around $200 billion in the next several years through privatization programs in 16 sectors ranging from oil to healthcare, education, airports and grain milling. Following is a list of major privatization plans currently underway. Saudi Arabian Airlines Corporation has started the sale of its medical services business in Jeddah, valued at around $500 million, sources said in May 2017.

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Recent Private Companies Transactions

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