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Saudi Arabia’s budget airline Flyadeal is mulling over expanding its fleet of single-aisle Airbus planes and enhancing its existing order of 50 narrow-body jets to facilitate the growth of its international route network.
CEO Bander Al Mohanna has confirmed that Flynas, Saudi Arabia’s budget airline, intends to launch an Initial Public Offering (IPO) later this year, publicly listing its shares on the Tadawul stock exchange.
Anghami, the largest streaming service in the Middle East, has seen its shares surge by more than 80 per cent on the Nasdaq over the past five trading days, following the disclosure that Saudi Arabian media powerhouse MBC has acquired 13.7 per cent of the company’s total ordinary shares, according to a filing with the US Securities and Exchange Commission (SEC).