VOL. XLVII
No 01
5-January-2004
OMAN
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...
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