flynas confirms plans to list on Saudi Stock Exchange

NAS Holding Group chairman Ayed Al Jeaid confirmed (16-Jan-2017) flynas intends to be the first airline in Saudi Arabia to list on the Saudi Stock Exchange. flynas CEO Paul Byrne said the airline is working with Banque Saudi Fransi and intends to seek approval for an IPO from Saudi Arabia's Capital Market Authority by mid 2017, as reported by Bloomberg. Mr Byrne commented, "The percentage to be floated is up to the shareholders to decide." [more - original PR]