Muscat: The Capital Market Authority is reviewing the prospectus for OQ Gas Networks, which is the largest share issuance in the Omani capital market, as approximately RO 212 million will be offered for public subscription, which represents 49 percent of the company’s capital.
The Authority called on those intending to invest, whether citizens or residents, to prepare for this type of investment by opening an investor account through the Muscat Clearing and Depository Company, which is the body concerned with organizing and maintaining shareholders’ records.
It is noteworthy that the prospectus is the guide that guides investors towards the investment decision. It includes the most important information and data regarding the financial position of the proposed company, its expansion vision, and its opportunities for success, in addition to the challenges it faces and the extent of its ability to compete. These data are essential for the investor to make the investment decision to subscribe. By offering shares, OQ Gas Networks seeks to benefit from the financing advantages offered by the capital market for exiting and financing its projects and investment activities.
The offering of shares is considered one of the effective investment tools in the Omani market after the adoption of the Securities Law, which regulated the securities market in a way that achieves effective protection for the dealing parties. It was characterized by sufficient flexibility to attract investment initiatives from issuers and owners of local and foreign capital and employ them in different investment sectors.
more recommended stories
SAI Collects, Recovers RO 97.8 mln to State’s Public Treasury
Muscat: The State Audit Institution (SAI).
Oman and Armenia Hold 4th Round of Political Talks
Muscat: The 4th round of political.
Muscat Municipality opens two lanes on Al Jabal Street
Muscat Municipality opens two lanes on.
Meeting on Arab Strategy for Intangible Cultural Heritage begins in Muscat
Muscat: A ceremony was held here.
Muscat Stock Exchange Gains 36 Points
Muscat: Muscat Stock Exchange (MSX) general.
Lebanese Minister of Information visits National Museum in Muscat
Muscat: Ziad Makary, Minister of Information.
OQ Gas Networks Holds Concluding IPO Roadshow in Muscat Stock Exchange
Muscat: OQ Gas Networks (OQGN) organized.
More than 1500 bags of chewing tobacco seized in Dhofar
Muscat: The Consumer Protection Authority (CPA).
National Finance Supports Omani SME in Shaping Future Leaders through Sharakah
Muscat: National Finance Company, the prominent.
His Majesty congratulates President-elect of Maldives
Muscat: His Majesty Sultan Haitham bin.