Oman: Liberalisation gather pace with record IPO and new tourism law

Risk Management
Issue 1179 - 25 Oct 2023 | 3 minute read

Risk Grade B3↑

Gas privatisation: Shares in state energy firm OQ’s gas pipelines business OQ Gas Network (OQGN) began trading on the Muscat Stock Exchange on 24 October. OQGN had raised OR288m ($750m) in its initial public offering of 49% of its shares, making it Oman’s largest IPO, ahead of previous front-runner Oman Telecoms Company, which floated in 2005.

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