Al Ahlia Insurance, which closed its OMR7.5 million initial public offering subscription on August 2, has decided to allot a minimum of 15,000 shares and 35% for all additional share applications in the case of retail investors. As far as institutional investors (or those who applied for 250,100 shares or more), applicants will get 24.7% allotment. The share offer was subscribed by 2.42 times. The listing and trading of shares at the Muscat bourse will commence on August 17, according to the company’s prospectus.
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