Nawras IPO Raises Much-Needed Funds

Nawras, Oman's second mobile operator and fixed-line licensee, has raised OMR182mn (US$471mn) in its initial public offering (IPO), which closed on October 21 2010, after a one week extension. Although the amount raised is at the lower end of the company's expectations, it will still play a vital role in the operator's network development and expansion plans.

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