Riyadh – Mubasher: Saudi airports will be transferred to sovereign wealth fund by mid-2018, Bloomberg quoted chairman of Saudi Civil Aviation Holding Co.

Faisal Al-Sugair, chairman of Saudi Civil Aviation Holding Co, added to the news agency that the airports will be turned into companies before being handed over to the Public Investment Fund.

“The wealth fund will take over Saudi Civil Aviation Holding, which will act as an umbrella company for the airport operators,” Al-Sugair said, according to Bloomberg.