ID :
19561
Mon, 09/15/2008 - 13:22
Auther :
Shortlink :
http://m.oananews.org//node/19561
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Crown Prince patronizes signing agreement on sale of 30% of
Jeddah, September 14, SPA--Under the patronage of Crown Prince Sultan
bin Abdulaziz Al Saud, Deputy Premier, Minister of Defense and
Aviation, Inspector General, and Chairman of Board of Directors of
General Organization of Saudi Arabian Airlines, it was signed at his
palace in Jeddah today an agreement on the sale of 30% of the freight
sector to Tarabut Air Freight Services Company as a strategic partner
of the organization in the freight sector.
On Tarabut, the agreement was signed by Prince Sultan bin Mohammed
bin Saud Al-Kabeer and on the Airlines by Saudi Arabian Airlines
Director General Eng. Khalid bin Abdullah Al-Melhem.
In his speech Al-Melhem expressed his thanks and gratitude to the
Crown Prince for patronizing the ceremony of signing the agreement.
He noted that the revenues of the freight sector amounted to more
than SR 1.7 billion in 2007 and exceeded SR 1 billion in the first
half of the year 2008, considering this as an unprecedented
achievement in the history of the Organization.
The signing ceremony was attended by Prince Fahd bin Abdullah bin
Mohammed, Assistant Minister of Defense and Aviation and Inspector
General for Civil Aviation Affairs; Prince Naif bin Sultan bin
Mohammed bin Saud Al-Kabeer, and a number of officials.
Then the Crown Prince chaired the board's meeting which was attended
Prince Fahd bin Abdullah bin Mohammed, Assistant Minister of Defense
and Aviation and Inspector General for Civil Aviation Affairs and
Chairman of General Authority of Civil Aviation Eng. Abdullah bin
Mohammed Noor Rahimi.
During the meeting, they reviewed the achievements of the
privatization project.
Eng. Al-Melhem presented a video show on the results including
completion of privatization of supplies and freight sectors and the
establishment of 13 companies fully owned by Saudi Arabian Airlines.
The meeting approved the financial statements of the last year which
showed that Saudi Arabian Airlines achieved operational profits
amounted to SR 488 million.
At the end of the meeting, the Crown Prince commended the
Organization's achievements, efforts exerted in transportation of
passengers, services provided for pilgrims and citizens and
remarkable development of services and strategic objectives. The
Crown Prince directed the board to exert greater efforts for the
service of citizens, residents, pilgrims and Umrah performers in
continuation of the march of development and prosperity.
--SPA
bin Abdulaziz Al Saud, Deputy Premier, Minister of Defense and
Aviation, Inspector General, and Chairman of Board of Directors of
General Organization of Saudi Arabian Airlines, it was signed at his
palace in Jeddah today an agreement on the sale of 30% of the freight
sector to Tarabut Air Freight Services Company as a strategic partner
of the organization in the freight sector.
On Tarabut, the agreement was signed by Prince Sultan bin Mohammed
bin Saud Al-Kabeer and on the Airlines by Saudi Arabian Airlines
Director General Eng. Khalid bin Abdullah Al-Melhem.
In his speech Al-Melhem expressed his thanks and gratitude to the
Crown Prince for patronizing the ceremony of signing the agreement.
He noted that the revenues of the freight sector amounted to more
than SR 1.7 billion in 2007 and exceeded SR 1 billion in the first
half of the year 2008, considering this as an unprecedented
achievement in the history of the Organization.
The signing ceremony was attended by Prince Fahd bin Abdullah bin
Mohammed, Assistant Minister of Defense and Aviation and Inspector
General for Civil Aviation Affairs; Prince Naif bin Sultan bin
Mohammed bin Saud Al-Kabeer, and a number of officials.
Then the Crown Prince chaired the board's meeting which was attended
Prince Fahd bin Abdullah bin Mohammed, Assistant Minister of Defense
and Aviation and Inspector General for Civil Aviation Affairs and
Chairman of General Authority of Civil Aviation Eng. Abdullah bin
Mohammed Noor Rahimi.
During the meeting, they reviewed the achievements of the
privatization project.
Eng. Al-Melhem presented a video show on the results including
completion of privatization of supplies and freight sectors and the
establishment of 13 companies fully owned by Saudi Arabian Airlines.
The meeting approved the financial statements of the last year which
showed that Saudi Arabian Airlines achieved operational profits
amounted to SR 488 million.
At the end of the meeting, the Crown Prince commended the
Organization's achievements, efforts exerted in transportation of
passengers, services provided for pilgrims and citizens and
remarkable development of services and strategic objectives. The
Crown Prince directed the board to exert greater efforts for the
service of citizens, residents, pilgrims and Umrah performers in
continuation of the march of development and prosperity.
--SPA
