• Oman

    • OQBI Receives Commitments from investors for 30% Subscription in its IPO Offer

    By on November 24, 2024
    OQ
    OQ

    Muscat: OQ Base Industries (OQBI) received irrevocable commitments from several anchor investors to subscribe for 30% of the Offer Size in the company’s IPO. The commitments’ value amounts to RO 14.1 million per investor (a total of RO 56.4 million).

    The anchor investors are the Saudi Public Investment Fund (PIF), Oman’s Social Protection Fund, Falcon Investments LLC a subsidiary of Qatar Investment Authority (QIA) and the Gulf Investment Corporation (GIC).

    The anchor investor commitments underscore strong market confidence domestically and internationally in the quality of the offer.

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