OQIC may end long Omani IPO drought

By Aidan Gregory
07 Aug 2017

Oman Qatar Insurance Co, the Omani subsidiary of the Qatar Insurance Co, is set to reopen the country’s sleepy IPO market with the first flotation on the Muscat Securities Market for more than two years.

The deal is being brought to comply with a royal decree that established a new regulatory framework for insurance companies in Oman.

Announced on Monday, the sale of 25m shares will be managed by U-Capital as bookrunner and financial adviser.

The decree stipulated that all non-listed domestic insurers in ...

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