24 October 2010
Nawras yesterday announced that its IPO, which closed on October 21, 2010, has been fully subscribed. Shaikh Salim bin Mustahil al Maashani, Chairman of Nawras said: "We are very pleased to announce the IPO is fully subscribed. We will announce the pricing of the issue on October 31 with listing in early November". Ross Cormack, CEO of Nawras, added: "Having completed the largest IPO since 2005 in Oman, I am delighted that Nawras has appealed to so many new investors. After weeks of great anticipation and hard work we have now reached a significant moment in the IPO and I would like to thank the Capital Markets Authority, BankMuscat, Morgan Stanley, QNB, Arab Oman Bank, National Bank of Oman and Ahli Bank, and of course the Nawras IPO team, for making our IPO a success."
Nawras yesterday announced that its IPO, which closed on October 21, 2010, has been fully subscribed. Shaikh Salim bin Mustahil al Maashani, Chairman of Nawras said: "We are very pleased to announce the IPO is fully subscribed. We will announce the pricing of the issue on October 31 with listing in early November". Ross Cormack, CEO of Nawras, added: "Having completed the largest IPO since 2005 in Oman, I am delighted that Nawras has appealed to so many new investors. After weeks of great anticipation and hard work we have now reached a significant moment in the IPO and I would like to thank the Capital Markets Authority, BankMuscat, Morgan Stanley, QNB, Arab Oman Bank, National Bank of Oman and Ahli Bank, and of course the Nawras IPO team, for making our IPO a success."
© Oman Daily Observer 2010
