by: TN Media News: flynas Company SJSC (“flynas”), a leading low-cost carrier in the Middle East and North Africa (MENA) region, has officially opened the retail subscription period for its Initial Public Offering (IPO) on the Saudi Exchange.
Priced at SAR 80.0 per share—the top end of the previously announced range—the IPO has already generated significant momentum, following a robust institutional tranche that was oversubscribed nearly 100 times. Institutional investors placed orders exceeding SAR 409 billion, underscoring strong local and international confidence in the carrier’s growth prospects.
Retail investors now have access to 10,251,114 shares, accounting for 20% of the total offering. The remaining 80% has been allocated to institutional investors. The subscription window for individual investors opens today, Wednesday, 28 May, and will close at 12:00 PM KSA time on Sunday, 1 June 2025.
Subscriptions can be made through a wide array of receiving entities, including 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, and Yaqeen Capital.
Share allocation for retail investors is scheduled to be completed by Tuesday, 3 June, with refund processing expected by Thursday, 5 June 2025.
flynas’ IPO marks a milestone in the regional aviation sector, offering investors an opportunity to participate in the future growth of one of MENA’s most dynamic low-cost carriers.
