Lockup period for flynas major shareholders ends

01:19 PM (Mecca time) Argaam
Lock-up was imposed on major shareholders, who own 62.8% of flynas capital

Lock-up was imposed on major shareholders, who own 62.8% of flynas capital


The lock-up period on Flynas Co.’s (flynas) major shareholders expired today, Dec. 17, six months after its shares listed on the Main Market (TASI) on June 18, 2025.

 

The lock-up was imposed on the major shareholders, who own 62.8% of the company’s capital.

 

Major shareholders are no longer required to obtain prior approval from the Capital Market Authority (CMA) to sell their shares.

 

Major Shareholders

Shareholders

After IPO

Number of Shares

(mln)

Ownership (%)

National Aviation Services Co.

49.34

28.88%

Kingdom Holding Co. 

46.88

27.44%

Nasser Ibrahim Rashid Al-Rashid 

11.16

6.53%

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