IPOs in Oman gather pace on investor optimism | Oman Observer:
"The Muscat Securities Market (MSM) witnessed significant uptick in the first six months of 2014 with many firms broadening their ownership structure through initial public offerings (IPO) and right issues.
According to figures available with the local bourse, a total of RO 350.40 million was raised by firms in the power, financial and telecommunications sectors.
“Stable business model, favourable demand side, steady cash flow and cost structure based on the contractual framework and generous dividend payments by the companies make these offering more attractive to investors”, says Suresh Kumar, Research Head at Al Maha Financial Services."
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