Mining Development Oman plans to float shares by year-end
Mining Development Oman plans to float an Initial Public Offering (IPO) on the Muscat Securities Market before the end of the year, a top-level official at the Capital Market Authority, told the Times of Oman. The newly formed company, which was promoted by four state-owned investment arms of the Oman government had said in March that the promoters will bring in OMR60mn and the remaining OMR40mn will be raised from the investing public through an IPO. (Times of Oman)
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