Kunooz Oman Holding, a leading player in mining, quarrying, transportation and construction materials sectors in the country, plans to float an initial public offering in the first half of 2017. The company has obtained an initial approval to offer at least 25% stake in Kunooz Oman to the investing public through a share offer on the Muscat Securities Market. Oman Investment Fund, a sovereign wealth fund, has acquired 20% of shares in Kunooz, which has a paid up capital of OMR16mn.    Mining Development Oman (MDO), another major mining firm promoted by four state-owned firms (State General Reserve Fund, Oman Investment Fund, Oman Oil Company and Oman National Investments Development Company), also plans to come out with an initial public offering either this year or early next year to raise OMR40mn from the investing public. (Times of Oman)