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Saturday, 11 February 2017

Oman’s Octal looks at IPO in expansion drive | The National

Oman’s Octal looks at IPO in expansion drive | The National:

"Octal, a US$650 million petrochemical project in Oman, is eyeing an initial public offering by 2019 as it expands its facilities globally to cater to a growing clientele for its plastics products, according to company officials.

Octal, which was set up in 2006 in the southern port city of Salalah, is spending $110m over a five-year period to produce new products, add capacity and expand its footprint into regions such as South America, according to Nicholas Barakat, the company’s chief executive.


With regards to the IPO, the company has not finalised plans for size or location."



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