Flynas IPO Covered 99.8 Times, Offering Price Set at SAR 80

Saudi Fransi Capital, Goldman Sachs Saudi Arabia, and Morgan Stanley Saudi Arabia, acting as the financial advisors, underwriters, and institutional bookrunners for the Flynas IPO, announced the successful completion of the bookbuilding process for the institutional tranche of the company’s shares. The final offering price was set at SAR (80) per share, with an oversubscription of 99.8 times.

According to a statement published on Tadawul, participating entities subscribed to all the shares offered, with 51,255,568 ordinary shares allocated to them in the first phase, representing 100% of the total shares offered for subscription.

With the successful completion of the bookbuilding process, a maximum of 20% of the total shares offered for subscription will be allocated to individual subscribers in the second phase. It is worth noting that Saudi Fransi Capital, as the lead manager for the offering, has completed, along with the receiving entities, namely Saudi Fransi Capital, Sahm Capital, Derayah Capital, Al-Arabi Capital, Al-Ahli Capital, Riyad Capital, Al-Bilad Investment Company, Al Rajhi Capital, Al-Khabeer Capital, Al-Jazira Capital, Yaqeen Capital, Al-Istithmar Securities and Brokerage Company (Al-Istithmar Capital), Alinma Investment Company, Al-Awal Investment Company, and GIB Capital, all necessary preparations to receive subscription requests from individual investors, which will be for a period of three days, from Wednesday, May 28, 2025, until 12:00 midnight on Sunday, June 1, 2025.