Riyadh –  Kingdom Holding Company (KHC) has increased its stake in flynas to 37%, according to KHC’s Twitter account.

The value of the transactions was not revealed.

Flynas, formerly Nas Air, is a Saudi Arabia-based domestic and international low-cost airline located in Riyadh.

Kingdom Holding reported a 19.83% year-on-year profit increase during the first quarter of 2019, recording SAR 171.4 million.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.