Flynas seeks to raise up to $1.1B in IPO

Quick Summary:

Saudi Arabia’s Flynas Co., backed by billionaire Prince Alwaleed bin Talal, aims to raise up to 4.1 billion riyals ($1.1 billion) from its initial public offering, as listings across the Middle East gain momentum despite global market volatility.

While the region is seen as relatively insulated from tariffs, prolonged low oil prices pose a key risk to growth.

Flynas reported revenue of $2 billion and net profit of $116 million in 2024.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesSaudi Arabia

Topics: Flynas’ Billion Capital Offering Middle Terms Riyals Public Market Flynas Share

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 11:00:33 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28607144

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 74 posts per day

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