Kinan International delays IPO on Nomu after CMA approval

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…