IPO For Omans Al-Maha Marketing Company Imminent
The initial public offering (IPO) of al-Maha Petroleum Products Marketing Company, the marketing arm of the state-owned Oman Refinery Company (ORC), is scheduled to begin imminently. ORC announced in October 2002 that it intended to sell its remaining 65% share in al-Maha (MEES, 14 October 2002). The Financial Corporation (FinCorp) is the consultant for the divestment program. Plans to privatize al-Maha were...