OMAN
 
Omani IWPP Sembcorp Salalah Launches $137Mn IPO
 
Omani independent water and power producer (IWPP) Sembcorp Salalah has launched an initial public offering (IPO). This was a requirement of its project agreement with the Omani government.
 
The offering of some 33.41mn existing ordinary shares represents 35% of the company’s issued share capital. Shares are priced at OR1.59 ($4.1) each, valuing the total floatation at $137mn.
 
The IPO is open for...