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SMN chooses fixed price for $63m Muscat IPO

SMN Power Holding, an Omani generating company, revealed plans for a Omr24.6m ($62.9m) IPO on the Muscat Securities Market, in a deal that will use a fixed price structure rather than the fully-bookbuilt route taken by telecoms firm Nawras in the last IPO on the exchange in October 2010.

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