One of Flynas’ aircraft
The subscription period continues for three days until June 1. 
Last March, the Capital Market Authority (CMA) approved the company’s application to list and offer 51.3 million shares on TASI, representing 30% of its post-IPO capital of SAR 1.7 billion. They constitute 33.4% of the current capital pre-increase, which currently stands at SAR 1.53 billion, divided into 153.43 million shares, at a nominal value of SAR 10 each.
The initial public offering (IPO) comprises 51.26 million shares, consisting of the sale of 33.83 million existing shares and the issuance and sale of 17.43 million new shares.
Institutional offering ended last week, with a coverage ratio of 100 times. The order book reached more than SAR 409 billion, marking the largest order book in the Saudi market in the recent period.
flynas will be the fifth company to list on TASI this year, following the IPOs of Derayah Financial and Arabian Company for Agricultural Industrial Investments (Entaj) on Feb. 20 and 26, respectively, as well as Umm Al Qura for Development and Construction Co. (Masar) and United Carton Industries Co. (UCIC) on May 5 and May 12, respectively.
Tadawul witnessed 14 IPOs last year, following listings byMiddle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,Miahona Co.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for Oud Co.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2,Tamkeen Human Resources Co.on Nov. 5,United International Holding Co.on Nov. 19,Almoosa Health Co.on Dec. 23 andNice One Co.on Dec. 24.
One of Flynas’ aircraft
The subscription period continues for three days until June 1.
Last March, the Capital Market Authority (CMA) approved the company’s application to list and offer 51.3 million shares on TASI, representing 30% of its post-IPO capital of SAR 1.7 billion. They constitute 33.4% of the current capital pre-increase, which currently stands at SAR 1.53 billion, divided into 153.43 million shares, at a nominal value of SAR 10 each.
The initial public offering (IPO) comprises 51.26 million shares, consisting of the sale of 33.83 million existing shares and the issuance and sale of 17.43 million new shares.
Institutional offering ended last week, with a coverage ratio of 100 times. The order book reached more than SAR 409 billion, marking the largest order book in the Saudi market in the recent period.
flynas will be the fifth company to list on TASI this year, following the IPOs of Derayah Financial and Arabian Company for Agricultural Industrial Investments (Entaj) on Feb. 20 and 26, respectively, as well as Umm Al Qura for Development and Construction Co. (Masar) and United Carton Industries Co. (UCIC) on May 5 and May 12, respectively.
Tadawul witnessed 14 IPOs last year, following listings byMiddle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,Miahona Co.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for Oud Co.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2,Tamkeen Human Resources Co.on Nov. 5,United International Holding Co.on Nov. 19,Almoosa Health Co.on Dec. 23 andNice One Co.on Dec. 24.
