{"id":100249,"date":"2025-09-03T00:00:00","date_gmt":"2025-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/03\/flynas-lines-up-sar-504-mn-facility-as-shares-remain-below-ipo-price\/"},"modified":"2025-09-03T00:00:00","modified_gmt":"2025-09-03T00:00:00","slug":"flynas-lines-up-sar-504-mn-facility-as-shares-remain-below-ipo-price","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/03\/flynas-lines-up-sar-504-mn-facility-as-shares-remain-below-ipo-price\/","title":{"rendered":"Flynas lines up SAR 504 mn facility as shares remain below IPO price"},"content":{"rendered":"

<\/strong>Low-cost carrier flynas obtained a SAR 504 mn murabaha facility from <\/strong>Saudi<\/strong> Awwal Bank (Sab)<\/strong>, according to a disclosure<\/a>. The 12-year facility will be allocated to the delivery of 195 narrow-body aircraft under flynas\u2019 order with Airbus \u2014 which includes 159 A320neo and 36 A321neo aircraft \u2014 to support its expansion plans.<\/p>\n

ALSO- <\/strong>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\u2019s share price continues to trade below its June debut price<\/a>, closing at SAR 75.50 a pop yesterday.<\/p>\n

ICYMI- <\/strong>The carrier\u2019s adjusted net income<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 12-year facility will go toward funding the delivery of Airbus A320neo aircraft<\/p>\n","protected":false},"author":1,"featured_media":100250,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[57,10,481,76],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-ksa","tag-flynas","tag-saudi-awwal-bank","wpautop","entry"],"acf":{"mongo_id":"39bbd4a4-f50d-4be2-8d9f-39f9055a9f56","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/337.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Flynas lines up SAR 504 mn facility as shares remain below IPO price","related_issue":[100237],"teaser":"The 12-year facility will go toward funding the delivery of Airbus A320neo aircraft","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.728d75d5-bc24-430d-b486-dbf0f9cbbad0.mp3"},"yoast_head":"\nFlynas lines up SAR 504 mn facility as shares remain below IPO price - 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