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Oman’s Al Suwaidi, Batinah IPOs oversubscribed more than 10 times each

: Sunday, June 22 - 2014 @ 01:01

The initial public offerings of Oman’s Al Suwadi Power Co and Al Batinah Power Co, which closed on June 9, have been oversubscribed slightly more than 10 times, Muscat Daily has reported. “The overall subscription for both the companies has been between 10 and 11 times,” said Przemek Lupa, CEO of Al Suwadi Power Co. “The subscription levels for both the companies have been roughly similar.” Both IPOs represent an offer of 35% of the share capital of each company.

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Sunday, June 22- 2014 @ 1:01 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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