RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key milestone…
LONDON: In a strategic move to boost its presence in high-growth European bathroom segments, UK-based Norcros plc has announced its agreement to acquire the entire issued share capital of Norway’s Fibo Holding AS from private equity firm FSN Capital. The transaction carries an enterprise value of NOK 618 million (approximately £45 million) and is subject…
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…
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…