Ominvest unit IPO delayed to September; shares slump
Shares in Ominvest, which was planning to offload a significant portion of its stake in the IPO, fell 5.6 percent on the Muscat Securities Market on Sunday.
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Shares in Ominvest, which was planning to offload a significant portion of its stake in the IPO, fell 5.6 percent on the Muscat Securities Market on Sunday.
June 10, 2012 5:51Financing issues, valuation cause of stalled talks – sources; CEO says still open to sale but acknowledges impediments; Two bidders were shortlisted from dozen parties for talks; Gulf Capital CEO says may look at IPO for GMS in 2 years
June 10, 2012 5:50Pricing of the shares came at the top end of the 45 to 57 riyals range. The family-owned business group offered 24 million shares, with retail subscription running between May 14 and 20.
May 29, 2012 11:56The offering, which will consist of 24.6 million shares, will be sold to the public between June 18-24, following a period of bookbuilding which will decide the price which prospective investors will pay.
May 27, 2012 5:36