flynas (XY, Riyadh) can list 30% of its shares on the Saudi Exchange, as planned, after the kingdom’s Capital Market Authority (CMA) approved a request for the move.

The carrier will offer 51,255,568 shares of its capital, the CMA said in an announcement, adding that a prospectus will be published “within sufficient time prior to the start of the subscription period”. The prospectus is set to include financial statements as well as information on management and activities.

flynas did not reply to a…

Source: ch aviation
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