Investor interest is gaining momentum in the initial public offering (IPO) of Barka Desalination Company or BDC (under transformation). The company, alongside the issue manager Bank Muscat Investment Banking, has been holding several meetings with key investors for Phase I of the IPO (i.e. book building).
The meetings were conducted with more than 50 key investors from Oman as well as the region with some meeting being conducted in Muscat while others through a virtual session.
All meetings held in Muscat were conducted while ensuring that all pandemic guidelines including social distancing are being followed.