Reuters: Golf markets receive the shares of two airlines this year

The Emirati “Etihad Airways” and Saudi “Airlines” are preparing to offer their shares for public subscription, in a move, the first of its kind in this sector for almost two decades. AL -OTTIHAD is scheduled to start communicating with investors in preparation for the sale of a share of about 20% of its shares, according to Reuters. AL -OTTIHAD attempts to complete the presentation process during the first quarter of this year and target local as well as international investors. It is estimated that the company can raise about one billion dollars, making it the first wave air service to offer its shares since the inclusion of Kuwaiti “Al -Jazeera Air” in 2008, according to the news agency. ‘Fly’, the competition takes on a major market value in Saudi Arabia. The Flynas Company, supported by the ‘Kingdom Holding’ of the billionaire Prince Alwaleed Bin Talal, plans to also offer its shares during this year. In a recent publication on the “X” platform, Prince Alwaleed said the value of the company is no less than two billion dollars. Also read: The appetite of investors towards the proposals of Saudi Arabia continues the return of fetal subscriptions, such as CEO of the Kingdom Enterprise, Talal Al -Maiman, in the media statements on the sidelines of the Davos Economic Forum said that the company would submit the file of the Capital Market Authority, which will acquired, which is the listing to obtain the last phase to obtain the approval of the capital market, which is the listing to obtain by selling all investors in the company 30% of their shares. A continuous momentum in the wave proposals. Read more: Increasing requests for subscriptions in the Gulf amid efforts to diversify economies, Andrew Prixi, head of the capital markets for shares at Bank of America in Europe, told the Middle East and Africa: “I see nothing that stops this momentum. investors can affect. ” Over the past year, the region of the region has raised about $ 13 billion from the initial public subscription window, which made 2024 the second best year for proposals in the Middle East since the Corona pandemic. According to Bloomberg data, the UAE and Saudi Arabia are classified among the ten best destinations in the world in terms of inventory proposals.