💨 Abstract
Saudi low-cost carrier Flynas swiftly sold $1.1 billion in shares during its initial public offering (IPO) on the Riyadh stock exchange. The IPO includes 51.2 million shares, aiming to expand its fleet and bases. Despite global market uncertainty due to U.S. tariffs and declining oil prices, Flynas is backed by billionaire Alwaleed bin Talal.
Courtesy: wtop.com
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