Low-cost carrier flynas obtained a SAR 504 mn murabaha facility from Saudi Awwal Bank (Sab), according to a disclosure. The 12-year facility will be allocated to the delivery of 195 narrow-body aircraft under flynas’ order with Airbus — which includes 159 A320neo and 36 A321neo aircraft — to support its expansion plans.

ALSO- The airline said that the financing ties into its capital restructuring program and is in line with the Kingdom’s strategy to position the Kingdom as a global hub for travel, tourism, and logistics. The airline’s share price continues to trade below its June debut price, closing at SAR 75.50 a pop yesterday.

ICYMI- The carrier’s adjusted net income rose 22% y-o-y to SAR 339 mn in 1H 2025, and its top line increased 1% to nearly SAR 4 bn. The results were on target despite the dip, flynas CEO Bander Al Mohanna said, pointing to headwinds like geopolitical tensions, a temporary suspension of pre-Hajj visas, and the grounding of some aircraft due to global delays in engine parts.

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