MUSANDAM POWER IPO PHASE I OVERSUBSCRIBED
Strong demand from investors of 5.6 times of Phase I offer shares. Phase II of the IPO for retail investors through e-IPO mechanism concluded on November 21. IPO investors are expected to receive a total dividend of 41.4 baizas per share within 6 months
ENERGY
Musandam Power Company (MPC) SAOG (under transformation), the subsidiary company from Oman Oil and Orpic Group, has announced the successful close of Phase I of its IPO for listing on the Muscat Securities Market.
Based on the price discovery process...
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