Oman to divest 49% stake in Muscat Electricity; appoints advisor
Oman government plans to disinvest 49% stake in state-owned Muscat Electricity Distribution Company (MEDC) by way of a combination of private placement and initial public offering. Nama Holding, which is the holding company of power distribution firm MEDC, has appointed a transaction advisor to manage the disinvestment, which is in line with the privatisation policy of the government, according to a press release from Nama Holding. (Times of Oman)
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