Muscat, Investors began today trading the shares of OQGN after 49% of the company’s shares were listed on Muscat Stock Exchange (MSX).

The bell-ringing event was held under the patronage of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals.

OQGN’s market value upon listing reached RO 606 million, thus becoming the 3rd biggest company listed on MSX. The listing price was 140 baizas per share.

The stock saw a great turnout from investors in Oman and beyond.

Eng. Abdullah Salim Al Salmi, Chairman of the Capital Market Authority (CMA) pointed out that the IPO of OQGN shares is one of the largest when compared to previous IPOs.

Al Salmi expressed his hope that future IPOs will attract investors from Oman and abroad.

Source: Oman News Agency

News Reporter