VOL. XL

No. 22

2-June-1997

OMAN

Two Funds For The MSM

The Muscat Securities Market (MSM) will be the target of two dedicated fundsannounced last week. The first, the Oman IPO (Initial Public Offering) Fund, has been jointlystructured by Bahrain International Bank (BIB) and Bank Muscat al-Ahli al-Omani (Bank Muscat), andwill initially be capped at $25mn. The Fund will, as its name suggests, invest solely in IPOs andwill have an operational life of 18 months, although this may be extended subject...