Gibson Dunn with banking syndicate on flynas’ IPO
Gibson Dunn advised Goldman Sachs Saudi Arabia, Morgan Stanley Saudi Arabia, BSF Capital, Al Rajhi Capital, anb Capital, Citigroup Saudi Arabia, and Emirates NBD Capital KSA in connection with their role in the initial public offering (IPO) and listing of flynas Company on the Tadawul.
The context
Flynas is a low-cost carrier active across the Middle East and North Africa region, on the Main Market of the Saudi Exchange (Tadawul).
Representing the largest IPO this year to-date in Saudi Arabia, the operation attracted orders exceeding $109 billion from both local and international investor, and raising gross proceeds of approximately $1.1 billion.
The Gibson Dunn team
Partner Ibrahim Soumrany (pictured) led the Gibson Dunn team on the matter, working with associates Omar Morsy, Gaith Aljundi, Vlad Zinovyev, Huw Thomas, Mostafa Mabrouk and Sara Almahayni. Partners Adam Smith and Chris Haynes, and counsel Thomas Barker also contributed to the team effort.
