Flynas Co SJSC (Ticker: FLYNAS AB) is a Saudi Arabian airline specializing in low-cost travel. Flynas plans to list on the Saudi Exchange on June 18, 2025, offering 51.26 million shares at SAR 80.00 per share, raising SAR 4.10 billion ($1.09 billion). The IPO valued the company at $3.65 billion. Flynas reportedly plans to use the proceeds from the primary offering to expand its fleet and network, with a focus on the lucrative Hajj and Umrah religious travel market, and to advance its digitalization and cargo operations. The offering consisted of 34% primary shares and 66% secondary shares sold by existing shareholders.