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Top related persons:
OQGN - 1 Talal Al Awfi - 1 Al Awfi - 1 Hadeel Al Sayegh - 1 Louise Heavens - 1 Sharon Singleton - 1 Ed Osmond - 1
Top related locs:
DUBAI Oman Abu Dhabi Saudi Arabia
Top related orgs:
OQ Gas Networks - 1 Oman Telecommunications - 1 Oman Energy Trading Company Limited - 1 Oman Oil Services - 1 OQ - 1 Abraj Energy Services - 1 Oman Investment Authority - 1 OQ's - 1

Search resuls for: "OQ"


2 mentions found


☆ Oman's OQ Gas Networks plans Muscat's biggest IPO in almost two decades
  + stars: | 2023-09-04 | by ( Hadeel Al Sayegh | ) www.reuters.com   time to read: +3 min
OQGN is Oman's exclusive gas transportation system operator, supplying natural gas to the country's power plants, freezones, industrial clusters, LNG complexes and other customers. OQ, directly and indirectly through Oman Energy Trading Company Limited and Oman Oil Services Limited, is offering up to 49% of the shares, the document said. The company plans to pay a semi-annual dividend in cash to investors after the offering. A first dividend of 33 million rials for the first nine months of 2023 is estimated to be paid around January next year, and a second dividend of 11 million rials for the last three months of 2023 will be paid around April, 2024. Reuters first reported the IPO plans for the company last May.
Persons: OQGN, Talal Al Awfi, Al Awfi, Hadeel Al Sayegh, Louise Heavens, Sharon Singleton, Ed Osmond Organizations: OQ Gas Networks, Reuters, Oman Telecommunications, Oman Energy Trading Company Limited, Oman Oil Services, OQ, Abraj Energy Services, Oman Investment Authority, OQ's, Thomson Locations: DUBAI, Oman, Abu Dhabi, Saudi Arabia
☆ Oman's drilling services firm Abraj plans March listing on Muscat exchange
  + stars: | 2023-01-22 | by ( ) www.reuters.com   time to read: +2 min
Jan 22 (Reuters) - Oman's oil and gas drilling services firm Abraj Energy Services plans to list up to 49% of its shares on the Muscat stock exchange in March through an initial public offering (IPO), a company statement said on Sunday. The IPO forms part of an exit plan recently announced by sovereign wealth fund, the Oman Investment Authority (OIA), the state news agency said. State energy company OQ, the selling shareholder, is wholly-owned by the OIA, which expects to exit eight investments in 2023 to generate about $1.3 billion. A diversified oil and gas services firm, Abraj is the largest drilling contractor in Oman with a market share of almost 30 percent. States such as Qatar and Oman are now seeking to capitalise on investor appetite for Gulf IPOs and compete with more active regional exchanges.
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