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Omani power firms’ IPOs open for subscription

: Tuesday, May 13 - 2014 @ 10:02

The initial public offerings of Oman’s Al Batinah Power Co (under transformation) and Al Suwadi Power Co (under transformation), owners of the two largest power plants in the sultanate, have opened for subscription on Sunday, Muscat Daily has reported. Al Batinah Power is offering 236,210,601 shares, while Al Suwadi Power is offering 250,042,219 shares. The IPOs will close on June 9. The offerings are open to Omani and non-Omani investors including individual and institutional investors.

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Tuesday, May 13- 2014 @ 10:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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