flynas (XY, Riyadh) has hired financial consultants for a possible initial public offering (IPO) on the Saudi Exchange in Riyadh sometime in 2024, the low-cost carrier told Bloomberg News.

In a statement to the news agency in response to questions, the airline said it had engaged the financial services companies Goldman Sachs Group, Morgan Stanley, and Saudi Fransi Capital to work on the listing.

flynas is partly owned by billionaire Prince Alwaleed Bin Talal’s Kingdom Holding Company. Saudi Arabia’s…

Source: ch aviation
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