VOL. XLI

No. 39

28-September-1998

OMAN

BP-Oman IPO Seven Times Oversubscribed

The public offering issued by the Omani subsidiary of British Petroleum(BP), which was launched on 9 August and closed on 7 September, was oversubscribed by 7.8times, according to a statement BP issued on 22 September. The company confirmed thatshare allocations are currently being processed and that those investors who applied forup to 500 shares will receive a full allocation. For applications for more than 500...