Saudi airline flynas named Best Low-Cost Airline in the Middle East for 7th consecutive year

Bander Al-Mohanna, CEO of flynas, received the gong during the annual Skytrax Awards ceremony held in London. 
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Updated 25 June 2024
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Saudi airline flynas named Best Low-Cost Airline in the Middle East for 7th consecutive year

RIYADH: Saudi Arabia’s flynas has been named the Best Low-Cost Airline in the Middle East for the seventh time in a row by a leading industry body.

The carrier was also ranked in the top three low-cost airlines in the world by the International Skytrax Organization, the global authority for assessing airline performance. 

In another success for the Kingdom, Saudia was named the 20th best airline in the world, rising three places from its 2023 ranking. 

Qatar Airlines reclaimed the top spot in the list, having slipped to second last year behind Singapore Airlines.

Bander Al-Mohanna, CEO of flynas, received the gong for the firm’s Middle East ranking during the annual Skytrax Awards ceremony held in London. 

“Consolidating our position among the top four in the low-cost aviation sector worldwide and being named the Best LCC in the Middle East for the seventh time in a row, according to Skytrax awards, is a success in the name of the Kingdom of Saudi Arabia,” Al-Mohanna said 

“The Kingdom is at the forefront of the world's countries in various fields, especially in the travel, tourism, and aviation sectors, which have received significant attention and goals of Saudi Vision 2030,” he added. 

Al-Mohanna attributed the achievement to the enduring loyalty of their guests, the dedication of their team, and the tremendous support that all Saudi companies enjoy from the government.

“Scooping the award for the seventh time in a row reflects flynas’ persistent commitment to excellence in products and services within the expansion and growth plan we launched under the slogan ‘We Connect the World to the Kingdom,’” he added. 

Al-Mohanna explained that this aligns with the objectives of the National Civil Aviation Strategy, which aims to enable national air carriers to connect the Kingdom with 250 international destinations, accommodate 330 million passengers, and host 100 million tourists yearly by 2030.  

He also noted that it supports the objectives of the Pilgrims Experience Program to facilitate access to the Two Holy Mosques. 

Skytrax Awards are decided yearly by passenger votes through comprehensive surveys and are among the most coveted awards in the aviation industry worldwide. 

Flynas connects more than 70 domestic and international destinations with over 1,500 weekly flights, aiming to reach 165 destinations, in line with the objectives of Saudi Vision 2030.


Closing Bell: Saudi main index climbs to 10,485 

Updated 21 December 2025
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Closing Bell: Saudi main index climbs to 10,485 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Sunday, gaining 34.32 points, or 0.33 percent, to close at 10,484.59. 

The total trading turnover of the benchmark index stood at SR2.59 billion ($690 million), with 168 listed stocks advancing and 87 declining. 

The Kingdom’s parallel market Nomu also gained 100.37 points to close at 23,454.65. 

The MSCI Tadawul Index advanced by 0.13 points to 1,377.44. 

The best-performing stock on the main market was Nama Chemicals Co., whose share price increased by 9.98 percent to SR22.38. 

The share price of Al Masar Al Shamil Education Co. rose by 9.15 percent to SR23.85. 

Saudi Paper Manufacturing Co. also saw its stock price climb by 8.42 percent to SR57.95. 

Conversely, the share price of Canadian Medical Center Co. dropped by 6.37 percent to SR6.03. 

The stock price of Kingdom Holding Co. also declined by 3.16 percent to SR8.28. 

In the parallel market, Alfakhera for Mens Tailoring Co. was the top performer, with its share price advancing by 16.40 percent to SR8.80. 

On the announcements front, Theeb Rent a Car Co. said it had signed a long-term vehicle leasing services contract valued at SR110.4 million with Hungerstation Co. 

Under the deal, Theeb will lease 2,000 vehicles to HungerStation for a period of four years starting from 2026, according to a Tadawul statement. 

The statement added that the vehicles will be delivered in batches within the first six months from the contract start date, taking into consideration global logistical circumstances and procedures beyond the control of both the agents and the company. 

The contract is expected to have a positive impact on the company’s financials from the first quarter of 2026. 

The share price of Theeb Rent a Car Co. declined by 0.79 percent to SR37.80.