OQEP launches Oman's largest IPO, aiming to raise $2.026bn by October 10, supporting Oman Vision 2040 investment goals.

OQ Exploration and Production Company (OQEP) is launching Oman's largest Initial Public Offering (IPO), with approval from the Financial Services Authority. The company will offer 2 billion shares, 25% of its capital, from September 30 to October 10, 2024, aiming to raise up to $2.026 billion. This move supports Oman Vision 2040's goals of boosting investments and diversifying the economy. Trading is expected to start on the Muscat Stock Exchange around October 28.

September 22, 2024
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