Oman expects OMR2bn from selling shares of state-owned firms
As much as OMR2bn is expected by the Oman government from divesting stakes in state-owned companies, said a top-level official of the Capital Market Authority (CMA) here on Monday. Abdullah bin Salem Al Salmi, executive president of the Capital Market Authority, said that the companies that are planning to raise fund through initial public offerings include Mining Development Oman and an electricity distribution firm. Further, seven national insurance firms are planning share offerings. (Times of Oman)
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