The Flynas’ $ 1.1 billion Arabia Arabian IPO sold out in minutes

[DUBAI] Saudi Arabia types have all the time in offering US $ 1.1 billion after opening the list in the market.

The cheap and some of its shareholders are sold at 30 percent – 51.26 million shares ($ 26.50). Institute investors cover the order of a period throughout the period, according to the terms of the agreement seen by Bloomberg News.

Investor investors run until May 18th. The top of the price level means a change of 13.7 billion dollars (s $ 47 billion).

IPO in exchange of Riyadh include both existing stockings and stock sold by existing investors – National Kingdoms and National Airports. The process will be used to extend the Flynas’ and establish new operation.

The agreement will make Flynas Airline Airline as US $ two billion with US $ 1 billion.

Many Middle East companies are moving forward with the IPO planning even with the market fluctuation of the US commercial policy. While the region is visible to be quite an expression from tariffs, long-term oil prices spend the risk.

The hospital entrepreneur and the manufacturer launched new stocks in Riyadh in the last week, and the technology will monitor the package. In Dubai, the owner of the owner of AIDS ruler is planning to tell the trust in real estate in the midst of the development of the city property.

Flynas reported US $ 2 billion and net profit in US $ 116 million in 2024. Bloomberg