The Saudi Arabia Public Investment Fund (PIF) is planning to invest in flynas with Goldman Sachs advising flynas shareholders on the potential stake sale to the Saudi sovereign wealth fund, reports Bloomberg. The move comes on the backdrop of Saudi Arabia’s efforts to make the country a top tourism destination with the government pushing more funds in aviation sector. flynas was also planning a potential listing since 2008 and even hired Morgan Stanley, Citigroup Inc. and NCB Capital for a potential deal, but the IPO will be delayed if the sale to PIF is confirmed, sources claim. flynas is partly

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register