MUSCAT – The listing marks a significant addition to the Muscat Stock Exchange and forms part of broader efforts to deepen Oman’s capital market by bringing more companies representing key sectors of the national economy to the exchange.
According to the Muscat Stock Exchange, 1,672,343,750 shares of OMIFCO have been admitted for trading. The company’s initial public offering (IPO) was priced at 156 baizas (OMR 0.156) per share, while the share price will be determined by market forces during its first trading session under a free-float pricing mechanism.
MSX also announced that Ubhar Capital has been appointed as the Price Stabilisation Manager for OMIFCO’s shares. The company will independently undertake price stabilisation activities for 30 days, from 8 July to 7 August 2026, with the aim of supporting share price stability and enhancing market efficiency during the post-listing period.