Flynas Co. — Capital/Financing Update 2025

Sep 2, 2025

Flynas Co. Announces Obtaining a Murabaha Facility Agreement with Saudi Awwal Bank

4264 · 02/09/2025 08:04:49 · Announcement #89974 · View on Saudi Exchange

Flynas Co. Announces Obtaining a Murabaha Facility Agreement with Saudi Awwal Bank

Element List	Explanation
Introduction	Flynas Company announces the signing of a Murabaha Facility Agreement with Saudi Awwal Bank (SAB) of SAR 504 million (equivalent to US$ 134.4M) in relation to financing the delivery of aircraft.
Date of obtaining the funding	2025-08-28 Corresponding to 1447-03-05
Financing entity	Saudi Awwal Bank (SNB)
Financing amount.	SAR 504 million
Financing duration.	12 Years
Guarantees offered for the financing	1. Promissory Notes

2. Aircraft Mortgages

3. Assignment of Insurances and Reinsurances

4. Airframe and Engine Warranties Financing objective The purpose of this facility is to finance the delivery of certain Airbus A320neo aircraft under the Airbus Purchase Agreement, which forms part of the Company’s firm order for 195 narrow-body aircraft (159 A320neo and 36 A321neo), to support the Company’s future expansion. Related Parties No Additional Information This strategic deal represents a significant step in supporting Flynas’ fleet expansion plans, enabling the airline to meet growing passenger demand, enhance operational efficiency, and advance the Company’s broader capital restructuring initiatives. It also reflects Flynas’ commitment to aligning with the rapid growth of the aviation sector in the Kingdom, driven by the Saudi Vision 2030 programs, which aim to position the Kingdom as a global hub for travel, tourism, and logistics.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.