CMA clears National Gas' allotment of rights offer

07/05/2014 06:19 AST

National Gas Company said that its rights issue was subscribed to the extent of 15.56 million shares, against an offer of 20 million shares. The Capital Market Authority (CMA) has approved the allotment of the rights offer and the company is in the process of completing the formalities with Muscat Clearing and Depository (MCD), said a disclosure statement posted on MSM website.


Times of Oman

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The factories facing fuel shortage in Salalah may not have to struggle hard to get another source of energy to run their establishments smoothly with the availability of Synthetic Natural Gas (SNG).<

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