Oman’s Al Maha Ceramics closed its initial public offer (IPO) on the Muscat Securities Exchange (MSM) on October 15, reported Times of Oman.
The IPO saw massive response by investors and was oversubscribed nearly 19-fold, sources revealed.
The IPO may have reached nearly OMR 150 million, according to an official source at the Capital Market Authority (CMA), who added that reconciliation is not yet complete and a final approved figure will be available on Tuesday.
The IPO saw massive response by investors and was oversubscribed nearly 19-fold, sources revealed.
The IPO may have reached nearly OMR 150 million, according to an official source at the Capital Market Authority (CMA), who added that reconciliation is not yet complete and a final approved figure will be available on Tuesday.
