Oman- CMA approves allotment of OQIC shares
(MENAFN- Muscat Daily) Muscat- The Capital Market Authority (CMA) approved the allotment of the shares of Oman Qatar Insurance Co (OQIC), according to an Oman News Agency report.
The initial public offering (IPO) of OQIC was closed on October 5. Retail investors have been allotted 100 per cent of the shares they applied for, while institutional investors have been allotted 63 per cent of shares that they demanded for.
The IPO was oversubscribed by 1.36 times with a total volume of 34mn shares. OQIC had offered 25mn shares through the IPO.
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