National Air Services Group is considering an initial public offering on the Saudi stock market within two to three years, according to Deputy CEO Bandar Al-Mohanna. Al-Mohanna said: “We need between two to three years for everything to be ready for an initial public offering. There are many procedures and an IPO is not easy, especially for a company that is growing at such a fast rate. Right now we are busy with the current expansion and the partners have committed the financial requirements needed.” NAS Holding last year appointed Saudi Fransi Capital as financial advisor for the IPO. NAS
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