By: TN Media News Riyadh: flynas Company SJSC, a leading low-cost airline in the Middle East and North Africa (MENA), has officially launched the retail subscription phase of its Initial Public Offering (IPO) on the Saudi Exchange.
Strong Institutional Backing: The IPO is priced at SAR 80.0 per share, which is the upper limit of the previously announced range. The institutional tranche saw overwhelming demand, with orders oversubscribed nearly 100 times. Institutional investors committed more than SAR 409 billion, reflecting high confidence in flynas’ market position and future growth.
Retail Investors’ Share: Retail investors have been offered 10,251,114 shares. This represents 20% of the total offering, while the remaining 80% has been allocated to institutions. The retail subscription period began today, Wednesday, 28 May 2025, and will remain open until 12:00 PM KSA time on Sunday, 1 June 2025.
How to Subscribe: Subscriptions can be made through several receiving entities. These include:
Albilad Capital, Alinma Capital, Alistithmar Capital, Al Jazira Capital, Alkhabeer Capital, Al Rajhi Capital, ANB Capital, BSF Capital, Derayah Financial, GIB Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, Yaqeen Capital
Next Steps: Retail share allocations will be finalized by Tuesday, 3 June. Refunds, if any, will be processed by Thursday, 5 June 2025.
A Strategic Milestone: The IPO is seen as a major milestone for the regional aviation industry. It provides a rare opportunity for public investors to gain exposure to one of the fastest-growing low-cost carriers in MENA. The move is expected to further strengthen flynas’ expansion strategy and operational footprint.
Conclusion: With strong institutional interest already demonstrated, the flynas IPO is poised to draw significant retail participation. Investors now have the chance to be part of a new chapter in Saudi Arabia’s dynamic aviation sector.
