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Flynas’ retail offering 3.5x covered, set to be largest IPO since Aramco
It’s the first airline to IPO in the region in nearly two decades
Flynas, Prince Mohammed Airport post lowest complaint rates in April -Gaca
Air complaints rose 34.4% y-o-y in April to 1.3k
Flyadeal to launch flights to Syria as early as July + Reda Hazard Control is mulling a potential sale
PLUS: Tourism to contribute over SAR 440 bn to the Kingdom’s GDP this year
Airports host 128 mn passengers in 2024
King Abdulaziz International Airport came on top
Flynas sets IPO price range at SAR 76-80 per share
At the top of the range, Flynas could raise up to USD 4.1 bn in proceeds
United Carton Industries’ IPO rakes in over SAR 75 bn in orders
The offering was over 126 times oversubscribed.
Flynas is taking a 30% to Tadawul’s main market
The issuance will see a combination of issuing new shares and selling existing shares.
AviLease obtains USD 1.5 bn revolving financing facility from 20 global banks
The three-year facility will be used for expansion and investing in the latest-generation, fuel-efficient aircraft
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