flynas successful IPO reflects aviation sector’s growth potential: Al-Jasser

Saleh Al-Jasser, Minister of Transport and Logistics Services

Minister of Transport and Logistics Services Saleh Al-Jasser said that the hugely oversubscribed offering of the first Saudi airline, flynas, on the Saudi Exchange, reflects the scale of growth and high confidence in the future of the Saudi air transport sector.

The sector is currently witnessing significant developments and unprecedented transformations in annual growth rates, increased air traffic and connectivity, as well as massive investments in infrastructure, he added, on “X” platform.

Al-Jasser also congratulated flynas on the successful share offering and listing. He noted that in accordance with the aspirational objectives of the National Strategy for Transport and Logistics and Vision 2030, the sector is poised to continue its developmental role to support the national economy and expand investment and growth prospects in collaboration with the business community.