Saudi Airlines, Saudi Economic Aviation, said on Monday that it is seeking to collect up to 4.1 billion riyals ($ 1.1 billion) of a preliminary public offering in Riyadh.
The company is working to sell a 30% stake for investors, in the first initial public offering of a Gulf airline in nearly two decades.
She said in a statement that the price range of offering was identified between 76 riyals and 80 riyals per share, which means a market value of up to 3.6 billion dollars.
The third offering
Saudi Arabia deals with tourism as an essential pillar in its local economic program to reduce dependence on oil revenues.
Saudi Arabia attracts tens of millions of pilgrims and pilgrims annually. She developed the tourism sector to attract visitors for non -religious purposes.
This offering will be the third for a Gulf airline after the UAE airline and the Kuwaiti island.
The price range of shares has been determined #Anias In the initial public offering between 76.0-80.0 Saudi riyals per share, and the start of building the orders record for the segment of institutions, it will end on May 18, 2025.
Participation in the initial public offering process is subject to specific conditions and conditions in addition to the risks and restrictions mentioned in the bulletin … pic.twitter.com/nyzpz5dd7m
– Flynas flynas (@flynas) May 12, 2025
Nas Airlines announced that the institutional subscription period, which started today, Monday, will end on May 18, and added that 34% of net revenues from the first public offering will be used to finance the company’s growth strategy and general purposes of the company.
Part of the remaining revenues will be distributed to sellers, including the Kingdom Holding Company, the investment company founded by Prince Alwaleed bin Talal.
