As many as six power generation and water desalination companies will be launching their initial public offerings (IPOs) for listing on the Muscat Securities Market (MSM) within next two years, according to Oman Power and Water Procurement Company (OPWP).

As per their project founders agreements, Oman’s independent water projects (IWPs) and independent power projects (IPPs) are required to offer a minimum 35 per cent of their share capital to the public through the IPOs within four years of the incorporation of the company.

Speaking to Muscat Daily, Yaqoob Saif al Kiyumi, chief executive officer of OPWP said there are six IPOs in the pipeline to be launched in next two years by the developers of water and power projects.

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