Flynas in talks with authorities to float 30% of its shares
Saudi Arabia’s low-cost carrier, Flynas, is planning to float 30% of its shares in the Saudi market, group Chief Executive Officer (CEO), Bandar Bin Abdulrahman Al-Muhanna, said. It is currently in negotiations with authorities but has not yet submitted an official request to the Capital Market Authority (CMA) for an initial public offering (IPO). According to sources, Flynas has appointed a financial adviser for the expected IPO. (Argaam)
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