Cart

Oman’s OQEP Valued At $8bn In IPO


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)

Learn this text free of charge

Acquire entry to over 60-years of vitality evaluation and information

  • Delve into the main points backed by information
  • Unique info from high-level officers
  • Assess future dangers and alternatives



Supply hyperlink

OQEP Hits The Highway For Report IPO


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)

Learn this text totally free

Acquire entry to over 60-years of power evaluation and information

  • Delve into the main points backed by knowledge
  • Unique info from high-level officers
  • Assess future dangers and alternatives



Supply hyperlink