Saudi Airlines starts sale of $500 mln medical business -sources | Reuters:
"State-owned Saudi Arabian Airlines (Saudia) has started the sale of its medical services business in Jeddah, valued at around $500 million, as part of a drive to reduce non-core assets, sources familiar with the matter said. The medical business, which is called Saudia Medical Services and owns a major hospital, could be attractive for investors as the Jeddah healthcare market is underserved, the sources said, declining to be named as the matter isn't public. Jadwa Investment, an adviser for the sale, has reached out to potential buyers and the sale process could be completed by the third quarter. Saudia and Jadwa did not respond to requests for comment."
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