List of receiving entities for flynas IPO

One of Flynas' aircraft

Retail investors began today, May 28, subscribing to 10.25 million shares of Saudi Arabia’s budget airline flynas at SAR 80 per share, as determined through the book-building process.

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The company decided to float 51.3 million shares, or 30% of its share capital, at a nominal value of SAR 10 per share, data available with Argaam showed.

The receiving entities are Derayah Financial, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Albilad Capital, AlJazira Capital, Alistithmar Capital, Alinma Investment, Yaqeen Capital, Alkhabeer Capital, SAB Invest, ANB Capital, Sahm Capital and GIB Capital.