Privatization
In 2006, Saudia began the process of dividing itself into Strategic Business Units (SBU); the catering unit was the first to be privatized. In August 2007, Saudi Arabia's Council of Ministers approved the conversion of strategic units into companies. It is planned that ground services, technical services, air cargo and the Prince Sultan Aviation Academy, as well as the catering unit, will become subsidiaries of a holding company.
Read more about this topic: Saudia