EFG Hermes carry out first IPO on Omani bourse | ZAWYA MENA Edition:
EFG Hermes on Wednesday announced the completion of Dhofar Power Company’s initial public offering (IPO) on Muscat Securities Market at a total value of $52 million.
The leading investment bank was the global coordinator and bookrunner of the IPO, while Bank Dhofar acted as the placement manager, the Egyptian firm highlighted in a statement.
The bank’s first implemented transaction in the Omani market is part of its expansion strategy, Mohamed Ebeid, Co-CEO of EFG Hermes, said.
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