Saudi airline flynas launches IPO to raise up to $1.1 billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
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Source: Reuters
flynas IPO Announcement: Saudi Arabian budget airline flynas plans to raise up to 4.1 billion riyals ($1.1 billion) through an initial public offering, marking the first IPO by a Gulf airline in nearly two decades, with shares priced between 76 and 80 riyals.
Tourism Strategy: The IPO is part of Saudi Arabia's broader strategy to enhance its tourism sector, aiming to diversify its economy away from oil dependency and attract both religious and non-religious visitors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
