OQ Base Industries (OQBI) – Oman’s only integrated producer of ammonia, methanol and LPG products – has reported that its IPO has been oversubscribed ‘multiple’ times.
The Category II offer closes today (28th November) while Category I closes on 1st December. OQBI shares are expected to start trading on the Muscat Stock Exchange (MSX) on or around 12th December. Up to 49% of the company’s shares are being offered.
Azzan Al Abdullatif, Vice-President for Divestment and Transactions at OQ Group, said it has attracted investors from across the Sultanate, the region and international markets.
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