Oman state upstream agency OQ Exploration and Manufacturing (OQEP) on 17 October accomplished the bookbuilding course of for its 25% flotation on the Muscat Inventory Alternate. The providing was 2.7 occasions oversubscribed and raised $2.025bn (OMR 780mn). When listed on the finish of this month, the corporate would be the largest on the bourse with a market capitalization of $8.1bn (OMR 3.12bn).
The agency set the ultimate worth on the respective maximums for every class of investor: OMR 0.390 for Class I institutional traders and Class II non-Omani retail traders, whereas Omani retail traders obtained a ten% low cost at OMR 0.351 per share. (CONTINUED – 141 WORDS)
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