flynas Company, a prominent low-cost carrier in the Middle East and North Africa region, has announced the launch of its retail subscription period for individual investors as part of its initial public offering (IPO) on the Saudi Exchange. Credit: Arab News The final offer price for the shares has been set at SR80 ($21) each,...
Saudi Arabian budget airline flynas is planning to raise up to 4.1 billion riyals, equivalent to $1.1 billion, through an initial public offering (IPO) in Riyadh. This announcement was made by the airline on Monday and signifies a significant move in the aviation sector, as it marks the first IPO of a Gulf airline in...
flynas has announced the launch of a new direct flight route connecting Riyadh and Abu Dhabi, enhancing travel options between the United Arab Emirates and Saudi Arabia. This new service operates three times a week and strengthens the airline’s regional network, which now includes direct flights linking Riyadh, Jeddah, Dammam, and Madinah to all four...
Flynas, the prominent low-cost airline in the Middle East, has successfully finalized a Murabaha financing agreement with Bank AlJazirah valued at SAR 495 million (approximately $132 million). This financing will support the acquisition of three advanced Airbus A320neo aircraft, a move aimed at boosting the airline’s operational capacity and enhancing competitiveness within the Saudi aviation...