OQ Exploration-Production Company’s IPO for ‘Institutions’ Category Covered

OQ Exploration and Production (OQEP) Company announced that IPO subscription for Category 1 (Institutions) has been covered at a price of 390 baisas per share, which is equivalent to 40 percent of the shares offered for subscription. This coverage underscores the value that OQ Exploration and Production shares represent to institutions from the Sultanate of Oman and beyond. It affirms the great demand for this subscription, which is the largest of its kind in Oman. Source: Oman News Agency