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OQ Exploration and Production secures up to RO 156 million from anchor investors

OQ Exploration and Production Company has secured final commitments from anchor investors and aims to raise up to RO 156 million.

TAS News Service

info@thearabianstories.com

Monday, September 30, 2024

Muscat: OQ Exploration and Production Company has secured final commitments from anchor investors to subscribe up to RO 156 million.

Based on the upper end of the price range at 390 baisas per share, the subscription is part of a broader initiative to attract national and foreign investments, aligning with the objectives of Oman Vision 2040.

The offering commenced on September 30, with OQ Exploration presenting two billion shares for subscription, open until October 9 for individual investors.

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