OQGN to float 49 percent of its share capital in Oman’s biggest recent IPO

OQ Gas Networks (OQGN), the sole operator of Oman’s gas transportation system, on Monday announced its intention to float 49 percent of its total issued share capital through an Initial Public Offering (IPO) and to list on the Muscat Stock Exchange (MSX). The MSX listing is expected to take place in October 2023, subject to receiving the required regulatory approvals from the Capital Market Authority of the Sultanate of Oman (CMA).