One of Flynas’ aircraft
Flynas, the leading low-cost airline in Saudi Arabia and the Middle East, receivedtoday, March 26,the go-ahead from the Capital Market Authority (CMA) to sell 51.3million shares, or 30% of its capital, in an initial public offering (IPO). 
The prospectus will be published ahead of the planned share sale, the market regulator said in a statement today, June 3.
The approval is valid for six months from the CMA’s board resolution date. It will be deemed cancelled if the offering and listing of the company’s shares are not completed within this period, it added.
One of Flynas’ aircraft
Flynas, the leading low-cost airline in Saudi Arabia and the Middle East, receivedtoday, March 26,the go-ahead from the Capital Market Authority (CMA) to sell 51.3million shares, or 30% of its capital, in an initial public offering (IPO).
The prospectus will be published ahead of the planned share sale, the market regulator said in a statement today, June 3.
The approval is valid for six months from the CMA’s board resolution date. It will be deemed cancelled if the offering and listing of the company’s shares are not completed within this period, it added.
