BP Floats Omani Subsidiary On MSM
The subsidiary of British Petroleum (BP) in Oman launched its public offering of 40% ofits shares on 9 August to Omani nationals. The subscription, which will run until 9September, offers a tranche of 2.58mn shares worth $13.5mn out of the company's totalcapitalization of $33.5mn. Shares are priced at OR2.00 each with a minimum investment of50 shares and a maximum of 10% of the total shares on public offer. A company...