Oman's Dhofar Generating Company’s upcoming IPO garners sizeable interest | ZAWYA MENA Edition:
Oman-based Dhofar Generating Company (DGC)’s Intial Public Offering (IPO) has seen an increase in interested investors following a roadshow meeting held in collaboration with Bank Dhofar, the issue manager.
The meeting, was attended by a wide cross-section of investor groups including institutional investors, high-net worth individuals as well as established family offices, according to local newswire, ONA.
Naif al-Awaaid, CEO of DGC, said the project founders, Mitsui & Co, ACWA Power and Dhofar International Development as well as Investment Holding Company SAOG (DIDIC) will remain shareholders post-IPO, with an aggregate holding of 60 per cent and they will continue to ensure reliable management and governance of the company.
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