Riyadh - Mubasher: Kingdom Holding company announded on Wednesday that its subsidiary Flynas has agreed a deal with Airbus to purchase airplanes worth SAR 32.25 billion ($8.6 billion), according to a bourse filing.

The company said in a statement to the Saudi Stock Exchange (Tadawul) that the agreement will be signed on Monday 16 January 2017, and it is expected to be leap forward to the airlines, with the deal financial effect expected to appear when the first tranche of planes is delivered, in early 2018.