According to a Bloomberg report citing sources familiar with the matter, the airline is considering a firm order for 50 jets, with an option for an additional 50.
This acquisition is a key part of Crown Prince Mohammed Bin Salman's economic diversification plan for Saudi Arabia.
The discussions for this deal are reportedly in their final stages, although the exact number of aircraft could still be subject to slight adjustments.
The move to expand Riyadh Air's fleet with Boeing 737 Max jets signifies a significant investment in the airline's short-haul capabilities, and it reflects the broader strategic economic objectives of the Saudi government.