The Omani construction company raised OMR13.29 million through the issue.
Oman’s second-largest bank by market value made a profit of OMR8.3 million
The deal was reportedly worth about 1.8 billion euros ($2.4 billion), according to sources.
The region’s sole IPO in the third quarter of the year raised $138 million, lower than the $252.3 million raised in Q3 2012.
The once-sleepy port city has put itself on the map by expanding its infrastructure and cultivating thriving global companies.
Annual growth in bank lending in Oman accelerated to a four-month high of 8.1 per cent in July.
Co-branded card is designed to reward and enhance loyalty among frequent flyers
GCC states’ expenditure on rail schemes, expansion of power generation plants and housing projects is expected to boost capital expenditure in 2013.
Oman aims to develop its fledgling Islamic finance industry with a debut issue of sukuk by the government.
The government currently owns more than 60 companies across various sectors in the country.
The government plans to offload a 19 per cent stake in the operator via a public subscription.
Oman has been agreeing to buy gas from Iran as far back as 2005 but the two sides have never finalised terms.
Oman’s entrepreneurs can add value to the government’s job creation efforts, if given adequate support.
The two nations have signed a 25-year deal valued at around $60 billion.
Oman became the last country in the GCC to adopt Islamic finance in December 2012.
The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.
The lender, Oman’s first full-fledged Islamic bank, launched operations in January.
According to reports, those pardoned include 14 people serving prison sentences ranging from 30 months to five years.
Bank Dhofar, the larger of the two lenders, said last week that it had approached Bank Sohar with regards to a merger proposal.
Net profit for the first half of the year was 18.77 million rials compared with 19.92 million rials in the prior year period.
The new entity would have total assets worth 4.13 billion rials and a market capitalisation of around $1.76 billion.
New facility provides premium passengers with a smoother start to their journeys and less waiting times
Oman’s biggest lender by market value reported a net profit of 63.1 million rials in the first half of 2013, down from the prior-year period.
The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.
The flight from Muscat to Kuala Lumpur was diverted to Mumbai after the threat was received.
BP has already spent hundreds of millions of dollars on the project since winning the concession in 2007.
The order, previously logged as being from an unidentified customer, makes Oman Air the first Gulf customer for the next generation aircraft.
Investigation now underway into the cause of the damage on the evening flight from Muscat.
The sultanate’s central bank has issued a warning to the country which echoes a similar statement by the IMF last week.