Times of Oman | News :: Omantel Initial Public Offer to open on Monday:
"The much-awaited public offer of Oman Telecommunications Company (Omantel) shares to the Omani individuals will open on Monday, which is the second phase in the Government's divestment plan.
This follows the successful completion of the first phase under which there was private placement of 71.25 million shares with high net worth Omani individuals and institutions on a book building and auction basis.
The Ministry of Finance has reserved a further 71.25 million shares under the public offer for Omani individuals at an attractive fixed offer price of OMR1.350 per share. The public offer price of OMR1.350 per share is currently at a discount of 150 baisas or 11.1 per cent to the ex-dividend Omantel share price of OMR1.500 per share at the end of last week on March 27, 2014. "
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