VOL. XLVII
No 11
15-March-2004
OMAN
PRIVATIZATION
Omani Government To Sell 60% Share In Fuel Retailer Al Maha
The Omani Government has opened an initial public offering (IPO) to sell a 60% stake of Al Maha Petroleum Products Marketing Company (Al Maha). The stake worth OR9mn ($23.4mn) represents the majority of the governments 65% holding in the company, leaving it with a 5% stake, while the remaining 35% is held by Abu Dhabis ABS Lubricants. A total of 3.6mn shares will be sold at a price of...
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