Press Release

Issued by Green Charter 2022.

November 12, 2017

Nexus Group, the Middle East's fastest growing aviation services provider, announced today that it has completed its transformation from a Limited Liability Company to a Closed Joint Stock Company (JSC) in the Kingdom of Saudi Arabia.

“This is an important step in our path toward the public markets and is right in line with our growth trajectory,” said Abdullah Al-Sayed, founder and chairman of Nexus Group, “and, it reflects the strength of our company financials, the consistent performance of our family of companies and the well-established road map we are following into the future.”

By transitioning to a JSC, Nexus Group exposes itself to a higher degree of policy and process, which better prepares the company for a public offering in the future. It also facilitates the addition of a new minority investor in the Nexus Group, which will support the continued growth of the enterprise.

“Investors are showing confidence in our business plan and our global brand,” said Mr. Al-Sayed, “and this is exactly where we want to be at this point in our development. With so many of our efforts coming to fruition, such as the Nexus Academies in KSA, Africa and China, the growth of our corporate business, and the huge growth of our aircraft management business, we are poised for an extraordinary 2018. We are riding great tailwinds into the Dubai Airshow this year!”