flynas IPO
“Inspiring modern travelers with seamless, affordable, and unforgettable experiences.”
About flynas
Established in Saudi Arabia in 2007, flynas is a market-leading low-cost carrier in MENA for the short and medium haul market. It aspires to connect the world to the Kingdom by innovatively providing its travelers with the best on offer in terms of fleet, services, and destinations. flynas operates an all-Airbus fleet of 61 aircraft from its four bases in Riyadh, Jeddah, Dammam and Madinah.
The Company connects 72 destinations (16 of which are domestic and 56 international) as of 9M 2024G. Additionally, flynas offers access to 128 destinations through codeshare and interline arrangements with international full-service carriers.
flynas has the largest fleet among Saudi LCCs, with 61 aircraft and a firm order book of 225. In 9M 2024G, flynas carried 10.9 million passengers, operating 1,861 weekly flights and had a seat occupancy rate of 85.2%.
flynas In Numbers

of destinations

- 10.9M passengers in 9M 2024G
- 7.9M passengers in 9M 2023G
16
domestic 9M 2024
56
international 9M 2024
87%
of fleet features CFM-Leap powered engines – 9M 2024

fleet size 9M 2024
225
aircraft on firm order book – 9M 2024
30 Aircraft A330neo
New agreement with Airbus for 30 A330neo wide-body aircraft
130 aircraft A320neo
Additional order in process for 130 A320neo narrow-body aircraft
88% on-time performance
88% in 9M 2024, 83% in 9M 2023G
7.5bn
2024G Revenue
2.2bn
2024G EBITDA
434m
2024G Net Profit
6.4bn
2023G Revenue
1.7bn
2023G EBITDA
401m
2023G Net Profit

Investment Highlights
Key IPO Figures
51,255,568
Total number of Ordinary Shares of Offer
17,426,893
Number of New Ordinary Shares on Offer
33,828,675
Number of Existing Ordinary Shares on Offer
30%
Of Share Capital post Offering
Saudi Exchange – Main Market
Listing Destination
Primary & Secondary
Type of IPO
80% / 20%
% offering allocation between Institutional Investors / Retail Investors
IPO Timeline
Intention to Float
Price Range and Institutional Book Building Starts
Institutional Book Building Ends
Retail Subscription Opens
Retail Subscription Closes
Final Allocation
Refunds
First Day of Trading
FAQs
How to Subscribe?

Step 1
Ensure you have an active current account with one of the receiving banks listed here.

Step 2
Visit [link to IPO webpage] to get more information about the company and its public offering through the ITF and Prospectus.

Step 3
Make an investment decision after reviewing the Prospectus and discussing the details with your financial advisor.

Step 4
Subscribe to the offering, at the offer price, by applying online via the receiving banks’ websites or via their digital applications.

Step 5
Once shares are allocated, you may or may not receive full allocation for your order. Any excess will be refunded to you.

Step 6
The Company will list on the Saudi Exchange and changes in share price can be monitored on the Exchange.
Contact Us
For investor-related inquiries: [email protected]
For media inquiries: [email protected]