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Two Omani energy firms ‘likely’ to float IPOs by mid-2014

: Monday, February 03 - 2014 @ 08:21

Oman’s Capital Market Authority (CMA) is set to grant its approval for initial public offerings (IPOs) by two energy companies in the first half of 2014, Muscat Daily has reported. The market regulator had initiated necessary steps with Al Sawadi Energy and Al Batinah Energy, expecting the IPOs of both to be underwritten in the first half of 2014. The issue size of both companies is expected to be over OR20m, said Ahmed al Qasabi, head of the CMA’s directorate general of issuance and disclosure.

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Monday, February 3- 2014 @ 8:21 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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