Saudia received $6.75bn in state aid in 2019-2020 - report

The Government of Saudi Arabia funnelled at least USD7 billion into state-owned flag carrier Saudia (SV, Jeddah) in 2019 and 2020, as direct payments and other financial support, according to company documents reviewed by Reuters news agency. Labelled as “government compensation” such as payments for services, the Ministry of Finance-approved payments include SAR13.6 billion riyals (USD3.63 billion) in 2019 and SAR6.4 billion (USD1.71 billion) in the first half of 2020. The ministry also accepted a...
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