
Saudi Arabia's flynas raises $1.1bn in sold-out IPO
Investors have snapped up a 30% stake in Saudi low-cost carrier flynas (XY, Riyadh) within minutes of books opening in an initial public offering on May 12, 2025. The airline sold 51.26 million shares priced between SAR76 and SAR80 riyals (USD20.30-21.33) …