Riyadh – Mubasher: Kingdom Holding Company (KHC) has increased its stake in flynas to 37%, according to KHC’s Twitter account.

The value of the transactions was not revealed.

Flynas, formerly Nas Air, is a Saudi Arabia-based domestic and international low-cost airline located in Riyadh.

Kingdom Holding reported a 19.83% year-on-year profit increase during the first quarter of 2019, recording SAR 171.4 million.