OQ Gas Networks successfully lists on Muscat Stock Exchange and becomes Oman’s largest-ever IPO


  • OQGN completes listing on MSX raising gross proceeds of c. OMR 288mn (USD 748mn)
  • Listing and trading on MSX commenced at 10:00 am Gulf Standard Time, under the symbol OQGN
  • OQGN’s market capitalization at listing was c. OMR 606m (c. USD 1.6bn) – now the [third] largest company on MSX, based on the final offer price of 140 Bzs per share
  • Total demand for shares amounted to c. OMR 4bn (c. USD 10bn). Overall, the book for the IPO was c. 14x oversubscribed.

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