Oman Investment Authority plans an IPO for 25% of OQ Exploration & Production to boost Muscat Stock Exchange and economy.

Oman Investment Authority (OIA) plans a historic IPO for 25% of OQ Exploration & Production, aiming to energize the Muscat Stock Exchange and stimulate the economy. This move is part of OIA's divestment strategy to enhance economic diversification and attract foreign investments. The offering, which has generated substantial interest, includes 800 million shares, with 40% allocated for individual investors. It marks a significant milestone for Oman's financial market and growth.

October 05, 2024
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