Saudi Arabian Airlines said an IPO of its catering unit, estimated to be worth up to $540 million, is expected to be delayed for the second time, Reuters reported. The IPO was initially planned for the third quarter of 2010 and was later delayed to the second quarter of 2011. "We have submitted our file to the Capital Market Authority and haven't been given a date yet but most likely it will be delayed," DG Khalid Almolhem told Reuters.
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