Announcement of Kinan International Real Estate Development Company’s intention to proceed with an initial public offering and listing on the Parallel Market (“NOMU”).
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Fransi Capital (“SFC”) in its capacity as the Financial Advisor and Lead Manager on the potential offering of Kinan International Real Estate Development Company (“Kinan”) (the “Company”) announces the intention of the Company to offer (3,600,000) ordinary shares representing (3%) of the Company’s shares (“the Offering”), and the listing of the Company’s shares on the Parallel Market (“NOMU”).
The Saudi Exchange approved the Company’s application for the listing its shares on the Parallel Market (“NOMU”) on 24/10/1444H (corresponding to 14/05/2023G) and the Capital Market Authority (“CMA”) approved the Company’s application for the Offering of the Company’s shares on the Parallel Market (“NOMU”) on 07/06/1445H (corresponding to 20/12/2023G). The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period. The Offering Period will commence on Sunday 25/02/2024G and will end at 3:00 pm on Thursday 29/02/2024G. For more information and for the prospectus, please visit the Capital Market Authority website ww.cma.org.sa, Kinan’s website www.kinan.com.sa, and Saudi Fransi Capital website www.sfc.sa |
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