flynas prepares for IPO on Saudi stock market during 2025

A source told Reuters that flynas, backed by Kingdom Holding Company, is preparing for an initial public offering on the Saudi stock market during the current year.

According to the source, if the step is completed, it will be the first initial public offering in the aviation sector in the Gulf since the launch of Kuwait’s Jazeera Airways in 2008.

In the previous year, Bloomberg quoted flynas as saying that the company is likely to be offered for public subscription as soon as 2024. This is after it appointed Goldman Sachs, Morgan Stanley and Saudi Fransi Capital to manage the public offering process on the Saudi stock market.