Nawras begins long slog to Oman record

10 Sep 2010

Morgan Stanley and Bank Muscat have revealed a price range for the $541.61m IPO of Omani telecoms company Nawras and will launch the deal on Wednesday before a full month of bookbuilding commences.

The timetable is longer than usual for an EMEA deal but is standard for Oman given the importance of retail and high net worth investors to new issues. Nawras is expected to list on the Muscat Securities Market on the October 27.

The last Omani IPO raised $34.6m for ...

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