VOL. XXXVII

NO. 41

11-JULY-1994

Financial and Banking News

Capital Markets

Oman Cement Launches Public Share Offering

State-owned Oman Cement Company has launched a OR15mn ($39mn) public shareissue in order to fund expansion plans. When the money has been paid in thecompany will have capital of OR35mn, of which 41.7% will be owned by the privatesector. The issue is open to Omani nationals and wholly-owned Omani companies.

The government is considering selling its stake in the MuscatIntercontinental...