First Family IPO On Muscat Securities Market
In a significant capital markets development in the Gulf region, the privately owned Tawoos Group, advised by Bahrain International Bank (BIB), has announced that it will sell majority stakes in four of its companies to a new group to be called Renaissance Services (Khadamat al- Nahda). Up to 4.080mn shares, or 40%, of the shares in Renaissance will be made available in an initial public offering (IPO) to...
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