(MENAFN- Muscat Daily) Truckoman LLC, which provides logistics services to oil and gas companies, is planning an initial public offering in the next two months on the Muscat Securities Market, three people with knowledge of the matter.
The Muscat-based company's free-float may be about 40 per cent after selling new and existing shares in the offering, the people said, declining to be identified as the information is private. Truckoman has hired Oman Arab Bank (OAB) to advise on the offering, according to the people.
Omani companies are joining counterparts across the region planning to raise funds as asset values and investor demand improves.
Truckoman, founded in 1978, employs more than 1,000 people and provides logistics and supply chain management services to leading oil and gas companies operating in the sultanate, according to the company's website.
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