IPO final session highlights detailed offerings of Abraj Energy’s shares

IPO final session highlights detailed offerings of Abraj Energy’s shares

The Initial Public Offering (IPO) of Abraj Energy Services, a subsidiary of OQ, the Global Integrated Energy Group, enters its second week on Monday and ends on March 1 for the small investor category, while the large investors' subscription ends on March 2.

As part of its IPO introductory sessions tour, the company organised its last introductory meeting on Sunday, in cooperation with the branch of the Oman Chamber of Commerce and Industry (OCCI) in Dhofar Governorate. The session highlighted the detailed offerings of Abraj shares.

The sessions fall under the IPO introductory meetings in the Governorates of Al Sharqiyah South, Al Batinah North, and Al Dakhiliyah, in addition to a session organised in cooperation with the Muscat Stock Exchange (MSX).

Speaking on the occasion, Sheikh Nayef bin Hamid Beit Fadil, a member of the Board of Directors of the OCCI, Chairman of the Board of Directors of the chamber's branch in Dhofar said, "We appreciate the efforts of the Omani Investment Authority to exit certain government assets and the importance of attracting national and foreign investment to Oman. This, in addition to expanding the ownership base of government companies, is vital for stimulating the national economy.”