Saudi airlines, Saudi Arabia hopes to provide 30 % shares this month

Investors in the Saudi Stock Exchange (Tadavul) are the first outdoor subscription for Flinas Company’s shares, waiting for the lower -cast air carrier in the kingdom, which begins from May 28 to June 1, 2025. This is the first subscription for Gulf air aviation in about 20 years.

Details of submission

According to the issuance pamphlet soon, the company offers 51.2 million shares representing 30 per cent of the total shares of the company, and 80 per cent of the submission shares will be allocated to eligible companies, while the remaining 20 per cent will be assigned to individual investors.

The record of orders for companies is being built on May 12 at a price domain price, which is the first act of the Gulf airline in nearly 20 years, and the first to the airline is included in the Saudi Financial Market.

“It works in 72 internal and international destinations until the end of last year,” and it uses submission returns to increase its network and range of operations, along with other general benefits of the company.

Strong financial results for the year 2024

“Nas Air”, supported by the Kingdom Holding Company, which is affiliated with Prince Alwalid Bin Talal, has revealed 434 million net profits in 2024, which is 8 % growth on an annual basis, and more than double its gains in 2022, which indicates continuous growth in the company’s performance before the infiltration.

At least the billion is the market evaluation of 3 billion

In the previous post on the X platform, Prince Alwalid Flinus has suggested that the market value of the company is not less than $ 3 billion.

This submission comes in the light of the strong performance of the Saudi transport sector; Profits of companies listed in the sector increased by 24.4 per cent in 2024, with 1.677 billion riyales and revenue growth of $ 11.3 per cent, and all sector companies except the Cisco Holding Company.

The most developed companies in this field

“Saudi Ground Services” exported 54.6 per cent developed companies, and later took advantage of the growing role of the Kingdom as a regional logistical center in Saudi Vision 2030, with a growth of 29.8 per cent.

The gains of “Saudi Logistics Services” have reached 661 million reals compared to 510 million reals, as the income of the ground handling sector has increased by 12 percent, mainly increasing rapid mail operations with a significant increase in expansion in the year.