flynas allocates minimum of 10 shares per retail subscriber in IPO

One of Flynas' aircraft

Saudi Arabia’s low-cost carrier flynas allocated a minimum of 10 shares per retail subscriber in its initial public offering (IPO), according to a Tadawul statement.

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The remaining shares were allocated pro rata, at an allocation factor of 12.3%.
 

The retail tranche was 349.7% oversubscribed.

Saudi Fransi Capital, the IPO lead manager, said the number of retail investors reached 666,069, subscribing at a final price of SAR 80 each. The total value of retail orders reached approximately SAR 2.9 billion.

According to Argaam data, the retail offering ran from May 28 to June 1, 2025. The company floated 10.25 million shares, at SAR 80 each, representing 20% of its total offered shares.