RIYADH — According to Mashhour Al Saadi, the company’s chief financial officer, The Helicopter Company (THC) is aggressively working to be ready for an initial public offering (IPO) within the next five years. Al Saadi told the Saudi Gazette, “THC is still financially stable and has a strong structure to support its expansion plans.” He affirmed that the company’s goal is to be prepared for an initial public offering (IPO) within the next five years. “Any successful business aims to go public. In order to make sure we are ready for an IPO, we are internally planning and determining the best time based on market conditions,” he said.
THC, the first and only commercial helicopter operator in Saudi Arabia, has grown quickly, assisting with important national events, mega projects, emergency medical services, and tourism. The company was established seven years ago and currently employs 850 people in addition to operating a fleet of 60 helicopters. In well-known occasions like the Dakar Rally and other national rallies, it is essential. THC maintains fleet management flexibility in response to demand fluctuations, utilising its recently acquired international company that specialises in helicopter leasing and trade to maximise operations.
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