Oman's Tawoos Group Says Renaissance Public Issue Oversubscribed
Oman's Tawoos Group has announced that its initial public offering (IPO) of Renaissance Services SAOG has been over- subscribed by 1.8 times, with applications for shares numbering 2,800 and the value of subscriptions totaling more than RO7.6mn ($19.5mn). In March, Tawoos offered 40% of Renaissance shares valued at RO4.08mn ($10.5mn) to the public (MEES, 11 March). Subscriptions were...
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