GACA's Al-Duailej says Matarat Holding IPO on Tadawul possible

29/11/2022 Argaam
The General Authority of Civil Aviation's (GACA) President Abdulaziz Al-Duailej

The General Authority of Civil Aviation's (GACA) President Abdulaziz Al-Duailej

The General Authority of Civil Aviation's (GACA) President Abdulaziz Al-Duailej said that floating Matarat Holding in an initial public offering (IPO) on Tadawul is "an available option.”

 

The first step would be to transfer assets to the Public Investment Fund (PIF), to be followed by others. This includes offering Matarat Holding on the market as a public joint-stock company, the official told Asharq News.

 

In January, GACA and Matarat Holding announced completing the corporatization of 25 airports in the Kingdom. It launched two companies, including Jeddah Airports.

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