flynas shares trade at SAR 69.90-81.30 on TASI debut
flynas Co. 's shares are trading today, June 18, between SAR 69.90-81.30, compared to a listing price of SAR 80 per share.
The stock is witnessing active trading on 12 million shares with a total value of nearly SAR 900 million through 17,000 transactions within less than one hour after market opening.
Shares of the Saudi Arabian low-cost carrier began trading on the main Tadawul All Share Index (TASI) today, June 18, under the symbol 4264 and ISIN code SA16AH822K19.
The stock will be subject to a daily price fluctuation limit of ±30% and a static price fluctuation limit of ±10% for the first three trading days.
The budget airline offered 51.3 million shares, or 30% of its SAR 1.70 billion capital, to the public. The offered shares represent 33.4% of flynas' pre-increase capital, which amounts to SAR 1.53 billion, divided into 153.43 million shares at a nominal value of SAR 10 each, Argaam earlier reported.
The institutional offering was nearly 100x covered, with orders of more than SAR 409 billion.
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