Saudi Arabia's flynas seeks to raise up to $1.1bln in IPO
DUBAI: Saudi Arabian budget airline flynas, backed by billionaire Prince Alwaleed Bin Talal, is seeking to raise up to 4.1 billion riyals ($1.1 billion) from an initial public offering in Riyadh, it said on Monday.
The airline, which is selling a 30% stake to investors in the first IPO of Gulf airline in almost two decades, said in a statement the price range for the offering had been set at between 76 and 80 riyals per share, implying a market capitalisation of up to $ 3.6 billion.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
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The National
6 hours ago
- The National
Climate change sceptics and clean fuel shortage risk airline industry's decarbonisation target
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Khaleej Times
8 hours ago
- Khaleej Times
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Khaleej Times
8 hours ago
- Khaleej Times
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