Oman's NGC plans $19m rights issue - Energy - ArabianBusiness.com

Oman's NGC plans $19m rights issue - Energy - ArabianBusiness.com:

"Oman’s National Gas Co is planning a RO7.54m ($19.59m) rights issue to strengthen its balance sheet and support long-term growth, it said in a statement to the stock market.
The statement, reported by the Muscat Daily, said the board of directors resolved at its November 4 board meeting to recommend an increase in the issued and paid-up share capital of the company through a rights issue of shares.
It said it would offer 20m shares at a price of 377bz ($0.98) per share, including an amount of 275bz ($0.71) as share premium and 2bz ($0.05) as issue expenses, aggregating to RO7.54m ($19.59m).
“The rights issue shall be subject to receipt of all necessary regulatory approvals as may be necessary,” the company said."

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