Finance / Oman
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Sohar Power IPO Oversubscribed
August 2008 | Top StoriesSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The initial public offering of Sohar Power Company (SPC) was 21 times oversubscribed making it the most successful power sector IPO in Oman to date. The listing, which was valued at a total of US$35mn, closed on July 30. The shares of the Omani power company will be listed on the Muscat Stock Exchange on August 18. SPC offered a total of 9,730,000 shares, 35% of the company's equity, for OMR1.35 (US$3.51).