The low cost pilot of Saudi is an IPO launch

Flynas, Saudi Arabia’s budget carrier, led to its IPO displays on Wednesday, but the Iranian weighted in the region and local stocks.

The Flynas cheated his sacrificing at 80 Rialss ($ 21.38) is worth 13.7 billion ($ 3.7 billion)

Initial stocks have fallen as much as 13% on Wednesday and trading was twice in the first 20 minutes of the meeting. At lunch, stocks have decreased but restore much loss.

“Because of the situation changed this week with an estimate of geological crisis and region, chief research, in Linkedin.

UAE’s air is reduced by 3% this week, while Jazeera an atheweeway as much as 4.2% on the worst

Despite the weight, the largest IPO in the Middle East, and refers to the first Tulf’s public to go to the country in 2007.

IPO and Flynas Expansion

IPO’s size is $ 1.1 billion, the company says when it has been used to support its network, and supports the company network.

In February, Flynas have announced that it will be announced that it will receive the Airbus aircraft in the next 50 years, with boat growth over 1630.

In May, CEO Bandand says IPO will be a “strategy step to accelerate our flight across the Middle East and North Africa.”

More than 70 links Flyenas and international tourism destinations with several weeks flight. For the first 9 months of last year, it gave 10.9 million passengers, according to its IPO support. The airline is intended to achieve international and international destinations 165, consistent with the vision of 2030.

Saudi Arabia soon there will be 4 large airlines: Flyen, flyenas, flyenas, and air riyadh.

Saudia and Riyadh Air is a long-term carrier, while Flyenas and flyadas are budget, short and middle. The Riyadh Air was not launched, but its first flight expects by the end of the year and it was targeting 100 million passengers in 2030.

Saudia has 20 million passengers last year and Flyadeal has 7.9 million.

Currently, Saudia’s path is between Riyadh and Dubai is a special popular while businesses move between the two districts. During the trip on Skift travel, Almosafe CEO: “

He added: “Invest in the new airport, new airport, [demand] Is just going to increase. “

Ahussain said he hopes to have an IPO Almosofer in the next 12 months.