Muscat – The Authority stated that it is the largest public offering in the history of the Omani capital market in terms of market size and value of the company.

The company was undergoing transition into a joint stock company by floating not less than two billion shares (constituting 49% of the company’s capital) through an IPO.

As per the prospectus, the subscription period for the company’s shares will extend for two weeks starting from September 26 for the first and second categories; it will continue until October 9 for the first category. Subscription for the second category will close on October 5, 2023.

The prospectus also explains that the number of shares offered for subscription has been divided into three categories – the institutional category (first category), individual category (second category) and major investors’ category (third category).