Subscription for two billion shares of the company’s shares began Omani Ok Research and Production Today, Monday, the initial public offering is open to subscribers inside and outside the Sultanate.
Individual membership will continue until October 9, while institutional membership will continue until October 10, 2024, according to the Times of Oman.
The initial public offering is believed to be the largest ever in the Sultanate of Oman, as the company seeks to raise two billion dollars, which opens the door to investment in a state-owned company for private investors, and who support exit and diversification plans in the country. .
The shares offered represent 25 percent of the OQ Exploration and Production Group’s shares, divided into three main categories: The first is the “institutional category” of up to 800 million shares, co -equivalent to 40 percent of the shares offered for subscription at a price between 370 baisas and 390 baisas per share.
The second division is the individual division, with a total of 800 million shares. This is equivalent to 40 percent of the shares offered for subscription.
The subscription allows small individual investors to subscribe for a minimum of 500 shares and a maximum of 28,500 shares, while the category of large investors will be allowed to -half subscription for a minimum of 28,500 shares without specifying a maximum subscription limit.
As for the third category, which is a category of large investors, it will allow subscription up to a maximum of 400 million shares. This is equivalent to 20 percent of the shares offered for subscription.
The share price for Omani individuals will be 351 baisas, with a discount rate of 10 percent, with the aim of encouraging Omanis to participate in this type of distribution and allow them to benefit from the investment opportunities available. get for non-Omanis, the category The price will be equal to 390.
2024-09-30 18:41:09
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