Oman's OQ Gas Networks plans to float up to 49% of its shares and list on MSX
04/09/2023 08:03
DUBAI, Sept 4 (Reuters) - Oman's OQ Gas Networks (OQGN),
the pipelines business of state oil giant OQ, said on Monday it
plans to float up to 49% of its shares and list on the Muscat
bourse.
The offering will provide investors with access to the
growth of the company that holds a natural monopoly over
essential gas transportation in the country, the company said in
a statement.
BofA Securities BAC.N , Bank Muscat BKMB.OM and EFG
Hermes HRHO.CA are acting as joint global coordinators.
($1 = 0.3850 Omani rials)
(Reporting by Hadeel Al Sayegh, Editing by Louise Heavens)
((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))