Barka Desalination Company (BDC), owner of Oman’s largest operating water desalination plant Barka IWP, announced its intention to launch its initial public offering (IPO).

The company will offer 40 per cent of its share capital to the public through an IPO. Accordingly, BDC will offer 30,208,800 shares to the public through listing on the Muscat Stock Exchange (MSX).

As anchor investors in the IPO, National Power & Water Co (an investment arm of Bahwan Engineering Group), and Bank Muscat have committed to invest upto 10 per cent of the IPO at 145bz per share i.e. the highest end of the IPO price range.