Flyadeal receives 8th leased A320

The new aircraft is named ‘Al-Terf.’
Updated 06 June 2018
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Flyadeal receives 8th leased A320

Flyadeal, Saudi Arabia’s low-fares airline, recently welcomed its eighth new leased Airbus A320, which reached Jeddah from the Airbus plant in Toulouse, France. With the arrival of this aircraft, flyadeal has completed the first phase of its contracted aircraft acquisition plan.

The new aircraft is named “Al-Terf,” after one of the most well-known stars in the Arab world. It is configured similarly to the other aircraft in flyadeal’s fleet, with 186 seats in a single-class configuration. Seats are equipped with USB ports and electronic device holders that cater to Saudi Arabia’s connected travelers. 

Since beginning operations on Sept. 23 last year, flyadeal is consistently expanding its fleet and route network, giving customers more choices of affordable air travel in the Kingdom. In eight months, it has added eight aircraft and brought low fares to eight destinations in the Kingdom. 

Most recently, the airline has added a daily flight between Riyadh and Madinah and currently operates 42 flights daily.
   Con Korfiatis, CEO of flyadeal, said: “Our agreement for the initial acquisition of eight aircraft from Airbus lays the foundation for establishing flyadeal as the de facto low-cost carrier in the Kingdom, and the airline of choice for those looking for affordable air travel options. 

Our continuous expansion is a matter of great pride and we feel blessed to be at the forefront of a new travel revolution in the Kingdom that lets everyone fly. We will continue to expand the fleet to meet the growing demand for low-cost travel in the Kingdom, and ensure that our customers can fly for less.”

flyadeal’s fleet is expected to increase to 11 by the end of the year, and up to 50 by 2023. The airline aims to rapidly increase seat capacity by inducting more aircraft so that it can expand its operations within Saudi Arabia and beyond. 


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.