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business 2025-05-12 10:00
Flynas sells all shares in record IPO on Riyadh stock exchange - Flynas successfully sold all $1.1 billion in shares from its initial public offering almost immediately.
- The airline aims to use the raised capital for fleet expansion and enhancing operations at its bases.
- This IPO makes Flynas the first airline in the Gulf Arab region to go public in the last two decades.
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