Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) is in talks to acquire a stake in flynas, Bloomberg reported, citing unnamed sources familiar with the matter.
Goldman Sachs Group is advising flynas shareholders on the potential stake sale to the PIF.
flynas had also been planning a potential listing, but this might be delayed if the stake sale to PIF goes ahead.
The low-cost carrier is 37.1% owned by Tadawul-listed Kingdom Holding Co., while the PIF holds a 16.9% interest.
The Saudi sovereign wealth fund recently launched Riyadh Air, which announced an order last March of up to 72 Boeing 787-9 Dreamliner airplanes, Argaam reported.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}