RIYADH: Kinan International Real Estate Development Company, advised by Saudi Fransi Capital, has postponed its planned Initial Public Offering on the Parallel Market (Nomu) due to recent developments. The company had received approval from the Capital Market Authority (CMA) to offer 3.6 million shares, or 3% of its share capital, to Qualified Investors for a…
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UK regulator approves Viasat-Inmarsat merger
The UK’s Competition and Markets Authority (CMA) has given the green light for the $7.3bn acquisition of British satellite operator Inmarsat by its US peer Viasat, a deal first announced in November 2021. The CMA had launched an investigation into the deal last year, fearing that it might reduce competition in the market for satellite-enabled…