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22/06/2015 02:02 AST
Shares of Phoenix Power, which floated an initial public offering (IPO) of OMR56.3 million, will be listed on the Muscat Securities Market on Monday.
The company has allotted a minimum of 3,000 shares and 8.57 per cent of additional shares applied by retail or first category investors.
As far as the second category or institutional investors are concerned, the allotment is merely 2.52 per cent of applied shares, according to the stock market regulator Capital Market Authority.
As many as 49,096 investors - 48,727 retail investors and 369 institutional investors - received allotment.
The share price will be free float for the first three days of trading. The decision issued by Ahmed bin Saleh Al Marhoon, director general of Muscat Securities Market, stated that the listing of the company's shares in the parallel market with a capital of OMR146.26 million divided into 1,462,601,460 shares at an issue price of 110 baisas.
The number of shares that have been subscribed for, which will be made available for trading on the parallel market stands at 511,910,511 valued at OMR56.31 million
Times of Oman
04/06/2017
Phoenix Power Company SAOG, which owns and operates the giant 2,000 MW Independent Power Project (IPP) in Sur, has announced that it has agreed to pay $11.8 million to South Korean engineering contra
Oman Daily Observer
14/06/2015
The flotation of Phoenix Power Co, owner of Oman's largest power plant, has been heavily oversubscribed, attracting over RO1 billion ($2.6 billion) of bids from investors, the state-run Oman News Age
Reuters
09/06/2015
Heavy oversubscription is seen in Phoenix Power Company's initial public offering (IPO), which closed its one-month subscription on Monday.
The shares have been priced at 110 baisas per s
Times of Oman
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Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
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