01 December 2008

SV SELLS 30% OF CARGO SECTOR

Under the patronage of HRH Prince Sultan Bin Abdulaziz, Crown Prince, Deputy Premier, Minister of Defense and Aviation and Inspector General, Chairman of the Board of Directors of Saudi Arabian Airlines (SV),

an agreement was signed to sell off 30% of SV Cargo to "Tarabot Air Cargo Services" as the Airline's strategic partner in this sector. The signing took place at HRH's palace in Jeddah on 15th September, 2008. On behalf of "Tarabot Air Cargo Services" the contract was signed by HH Prince Sultan Bin Mohammad Bin Saud Al-Kabeer, and on behalf of SV by H.E. Mr. Khalid A. Almolhem, Director General, Saudi Arabian Airlines.