MEDC’s initial public offering expected before June
Oman government’s disinvestment of 49 per cent stake in state-owned Muscat Electricity Distribution Company (MEDC) by way of an initial public offering (IPO) is expected before June this year, said Sheikh Abdullah bin Salim Al Salmi, executive president of CMA. Al Salmi further said the size of the issue and offer price have not been decided yet since the issue manager has to complete valuations.
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