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Al Maha share listing on Monday

03/11/2014 06:18 AST

Muscat Securities Market (MSM) will start listing Al Maha Ceramics shares on Monday at 10am.

Ahmed bin Saleh Al Marhoon, director general of MSM, has recently issued a decision in respect to listing Al Maha Ceramics in the secondary market with a capital of OMR5 million divided into 50 million shares with initial price of 397 baisas per share. Al Maha Ceramics sold 35 per cent of the promoters' shares through public offering between September 16 and October 15, 2014.

The subscription was almost 20 times of the shares offered. The company allotted 200 shares for each small shareholder, three per cent of additional shares, and 4 per cent for second category subscribers, represented by major investors. The value of the subscription applications amounted to about OMR155 although the value of the offered share was only OMR7.9 million.

Times of Oman

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