Kingdom Holding Company (KHC) has announced that Flynas, in which KHC owns a 34.08 per cent stake, has finalised an $8.6-billion deal with Airbus for the purchase of new aircraft.

The ceremonial event will take place on January 16, a statement said.

KHC is chaired by Saudi billionaire Prince Alwaleed bin Talal.

Flynas is a leading low cost Saudi airline offering flights to a growing number of destinations in the Middle East, Europe and Asia. – TradeArabia News Service