The Oman News Agency reported that this subscription is the largest in history Sultanate of OmanIt is the first IPO in the exploration and production sector after the success of two previous IPOs for “Abraaj Energy Services” and “Abraaj Energy Services”.OQ Gas Networks“.
The offered shares represent 25 percent of OQ Exploration and Production shares, divided into three main categories. The first is the institutional category, 800 million shares, equivalent to 40 percent of the shares offered for subscription. As for the second category, the individuals category, 800 million shares have been allocated, equivalent to 40 percent. Of the offering shares.
This category was divided equally into two segments: a segment for large individual investors and a segment for small individual investors, with 400 million shares allocated to each.
The subscription for small individual investors will allow subscription from a minimum of 500 shares to a maximum of 28,500 shares, while the second category of large individual investors will subscribe from a minimum of 28,500 shares without specifying a maximum subscription limit.
The third category is the main investor category, which has committed to subscribe for 400 million shares, or 20 percent of the shares offered for subscription.
