Middle East airlines will not launch an initial public offering this year or early next year but will start returning a dividend of $1 per outstanding share, MEA Chairman and DG Mohamad El- Hout told ATW on the sidelines of the Arab Air Carriers Organization’s recent 43rd AGM in Cairo. "The majority shareholder [the Central Bank of Lebanon] with agreement of the board of MEA decided to postpone the planned IPO owing to adverse market conditions," he said. Although no ...

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