The listing would allow investors to invest in Oman’s only production company of methanol, ammonia and LPG products
The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The institutional investor tranche represents 40 per cent of the offering while the retail portion accounts for 30 per cent
The selling shareholders reserve the right to amend the size of the offering at any time before the end of the subscription period
After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term
Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021
Muscat Clearing and Depository finalised measures to open up the market