On Tuesday, May 28, 2025, the retail tranche of Flynas’ Initial Public Offering (IPO) officially opened,
offering 10.25 million shares to individual investors as part of the company’s listing on the Saudi Exchange (Tadawul Main Market).
This allocation represents 10% of the total 39 million shares offered in the IPO, with the remaining 90% having been allocated to institutional investors.
The offering price has been set at SAR 18 per share, following a successful book-building process which saw an institutional oversubscription rate of 59 times.
The retail subscription window will be open for two days, giving individual investors the chance to invest in one of the Kingdom’s leading low-cost airlines.
Founded in 2007, Flynas operates a fleet of over 40 modern aircraft, connecting more than 70 destinations domestically and internationally.
The IPO is seen as part of the company’s broader strategy to expand operations and enhance its presence in regional and global markets.
This listing adds momentum to a wave of IPO activity in Saudi Arabia, as both institutional and retail investors increasingly look to participate in high-growth, strategically significant sectors.
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