Saudi airline flynas launches IPO to raise up to $1.1 billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
0mins
Should l Buy ?
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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
