Muscat – The first information session will start on February 20 at the OCCI’s branch in the Wilayat of Sur in the Governorate of South Al Sharqiyah, while the OCCI’s branch in the Wilayat of Sohar will host the second session in the Governorate of North Al Batinah on February 21.

In cooperation with the CMA, the company will organize an expanded information session on February 22 to educate investors and brokers about the IPO. Another information session will be held in the Governorate of Al Dakhiliyah.

The OCCI’s branch in the Wilayat of Nizwa will host this session on February 23, while the OCCI’s branch in the Governorate of Dhofar will host the fifth information session on February 26 at Directorate General of Heritage and Tourism.

These sessions aim to educate investors, citizens and residents about the offered shares and the targeted categories.

The CMA has approved the public offering of more than 377 million shares of Abraj Energy Services (under transformation).

It also approved the stock prospectus of the company and its transformation from a closed to a joint stock company.

It is worth noting that Abraj Energy Services has offered 49 percent of its shares for public subscription. The shares will be provided in two parallel categories. The first category will be allocated to major investors and will account for 85 percent maximum of the total public offering. It will be directed to major and corporate investors in Oman and international investors. The subscription price in the first category will be set within the range of OMR 0.242 to OMR 0.249 per share.

The second category of shares will be offered for small investors and will account for no less than 15 percent of the total public offering. It is allocated to individual investors in the Sultanate of Oman.

The shares of this second category will be offered at a maximum discounted price of OMR 0.224 per share, calculated at a maximum price of OMR 0.249 less a discount of 10 percent.