Middle East Economic Survey
Omans Al-Kamil IPO Sees Oversubscription
The initial public offering (IPO) of 35% or OR5.7mn ($14.9mn) in the Oman Al-Kamil Power Company came in over-subscribed by over 5%, according to a report in the 28 August edition of the Times of Oman. Al-Kamil will be the first build, own, operate (BOO) company to be listed on the Muscat Securities Market and its stock will start trading within the next few weeks. Following the...