Flynas Shares Soar as Trading Begins on Tadawul
Riyadh, Saudi Arabia – The saudi Exchange (Tadawul) welcomes Flynas as it’s shares commence trading today, June 18, 2025, under the trading code 4264 and international symbol SA16ah822k19. This follows a highly anticipated Initial Public Offering that garnered meaningful investor interest.
The commencement of trading marks a significant milestone for the saudi airline, reflecting strong investor confidence in its growth potential within the Kingdom’s expanding aviation sector.
Initial Trading Dynamics
Tadawul has announced specific guidelines for the initial trading period of Flynas shares. For the first three days, daily price fluctuations will be capped at +/- 30%, with fixed price fluctuation boundaries set at +/- 10%.
Starting from the fourth trading day,the daily price fluctuation limits will revert to the standard +/- 10%,and the fixed price fluctuation limits will be lifted.
Pro Tip: Investors should closely monitor the initial trading volatility and consider the adjusted price fluctuation limits after the first three days.
Securities Deposited
The Securities Deposit center Company (I Esam) confirmed the addition of Flynas shares to the accounts of eligible shareholders today, ensuring a smooth commencement of trading activities.
IPO Oversubscription Details
Flynas launched 51.3 million shares for public subscription on Tadawul, representing approximately 30% of the company’s capital post-offering. The IPO raised 1708.52 million riyals, constituting 33.4% of the company’s capital before the increase.
| Category | Details |
|---|---|
| Shares Offered | 51.3 Million |
| Percentage of Capital (Post-Offering) | 30% |
| Total Raised | 1708.52 million Riyals |
| Institutional Coverage | 100 times oversubscribed |
| Individual Coverage | 349.7% |
The institutional subscription was massively oversubscribed, reaching 100 times the total shares offered, with total requests exceeding 409 billion riyals.
The individual segment also showed strong interest, with a coverage rate of approximately 349.7%. A minimum of 10 shares where allocated to each individual subscriber, with remaining shares allocated proportionally based on subscription size, resulting in an allocation factor of 12.3%.
Did You Know? Flynas is a leading low-cost carrier in Saudi Arabia, playing a crucial role in the Kingdom’s Vision 2030 plan to enhance tourism and connectivity.
The Broader Impact of Flynas’s IPO
The prosperous Flynas IPO underscores the growing confidence in Saudi Arabia’s aviation sector. As part of the Kingdom’s Vision 2030, strategic investments in aviation infrastructure and services are expected to drive further growth and create new opportunities for both domestic and international investors.
The airline’s expansion plans, coupled with the increasing demand for air travel, position Flynas for sustained success in the coming years.
Frequently Asked Questions About the Flynas IPO
- When did Flynas shares start trading on Tadawul?
- flynas shares began trading on the main market on Wednesday, June 18, 2025.
- What is the trading code for Flynas shares?
- The trading code for Flynas shares is 4264, with the international symbol SA16ah822k19.
- What are the initial daily price fluctuation limits for Flynas shares?
- The daily price fluctuation limits for the first three days of trading are +/- 30%, with fixed price fluctuation boundaries at +/- 10%.
- How did the individual subscription segment perform in the Flynas IPO?
- The individual segment subscription was covered by approximately 349.7%.
- What percentage of Flynas’s capital do the offered shares represent?
- The total shares offered represent about 30% of the company’s capital after the offering.
Reader Engagement
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