Middle East Economic Survey


No 12



Topaz Announces Plan To Raise $500Mn Through IPO

Omani oil field services contractor Topaz Energy and Marine announced on 16 March plans for an initial public offering (IPO) of its ordinary shares to institutional investors both in the UK and elsewhere. The company plans to publish a pathfinder prospectus in connection with the share offering. Topaz added that it intends to apply for its ordinary shares to be admitted to the premium...