Sama secures cash injection

14 May 2009

Saudi budget airline Sama has secured a SR50m ($13m) cash injection from the company's shareholders and completed the reshuffle of its senior management. The money will be used to help stabilise the business until the busier summer season boosts revenues and came as Kevin Steele was appointed as acting CCO. The management reshuffle began last December, when Bruce Ashby replaced Andrew Cowen as CEO, followed in early 2009 by Yasser Sindi taking over from Caroline Bell as CFO.

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