OQEP plans to launch a 25% IPO on the Muscat Stock Exchange, October listing, as part of Oman's economic diversification.

OQ Exploration and Production (OQEP), Oman’s leading oil and gas company, plans to launch an IPO to list 25% of its shares on the Muscat Stock Exchange, aiming for an October listing. The move is part of Oman's economic diversification efforts. Since 2009, OQEP has significantly increased production and maintains a strong cash flow. OQ will retain at least 75% ownership post-offering and intends to support sustainable development and local growth initiatives.

September 09, 2024
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