Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Samba Capital financial adviser, lead manager for Saudi Cargo’s IPO  Join our daily free Newsletter

MENAFN - Arab News - 11/02/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN -Arab News) Saudi Airlines Cargo Company (Saudi Cargo), a Saudi subsidiary of Saudi Arabian Airlines, has entered into an agreement with Samba Capital & Investment Management Company (Samba Capital), the investment arm of Samba Financial Group, to act as the financial Adviser and lead manager for the IPO of Saudi Cargo which intends to list its shares on the Saudi Arabian Stock Exchange.The agreement was signed by Khalid bin Abdullah Al-Molhem, chairman of Saudi Airlines Cargo Company, and Eisa bin Mohammad Al-Eisa, chairman of Samba Capital. The signing ceremony was attended by a number of senior executives from both sides.Saudi Cargo is one of the major players in the cargo aviation market and offers a comprehensive suite of cargo services through both its fleet of dedicated freighters and the belly capacity on Saudi Arabian Airlines fleet. It has a rapidly expanding domestic and global network across 26 domestic destinations and 225 international destinations spanning Asia, Africa, Europe and the United States.Al-Molhem said after signing the agreement: "Saudi Cargo’s intention to list its shares on the Saudi Stock Exchange is consistent with the privatization strategy adopted by the government of Saudi Arabia to restructure the Saudi Arabian Airlines’ subsidiaries, including Saudi Cargo. This will enable Saudi Cargo to further grow its business and strengthen its competitive position at both the regional and international level."Al-Eisa said: "We are delighted by Saudi Cargo’s trust in its selection of Samba Capital as the financial adviser and lead manager," stressing Samba Capital's pride in participating in Saudi Cargo’s journey to becoming a publicly listed company.Al-Eisa highlighted Samba Capital’s extensive experience and knowledge of the Saudi equity capital markets as a result of its strong track record of advising and managing IPOs for Saudi companies over the years, which would be utilized to achieve a successful IPO for Saudi Cargo.


 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help