Upstream subsidiary OQ Exploration and Manufacturing (OQEP) this week launched its nine-city roadshow to drum up curiosity in its plans to drift 25% of the corporate’s shares beneath its preliminary public providing (IPO). It is not going to must promote the provide too onerous because the IPO is already set to be Oman’s largest ever at $2bn (OMR 770mn) valuing the agency at $8bn (MEES, 13 September).
“That is greater than a big IPO,” says CEO of Muscat Inventory Alternate Haitham al-Salmi in a 25 September LinkedIn publish, “it represents the ultimate steps for Muscat Inventory Alternate to hitch rising markets.” (CONTINUED – 199 WORDS)
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