Muscat: The public subscription for the shares was met with overwhelming interest from investors, with the coverage reaching over 2.4 times the total shares offered.
Abdullah bin Salem Al Salmi, CEO of the FSA, expressed satisfaction with the success of the IPO, noting that it is the largest issuance in the history of the Omani capital market. The strong turnout reflects investors’ confidence in the Omani capital market and its ability to finance significant investment projects.
Al Salmi emphasized that the IPO market offers diverse financing options for various economic projects and contributes to the deepening of the capital market by attracting local and foreign investments.
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He also highlighted the upcoming IPOs of Salalah Methanol Company and Asyad Shipping Company, which are expected to further enhance the liquidity of the Muscat Stock Exchange.
