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

The company said it will offer 40 percent of its share capital to the public through an IPO. BDC will offer 30,208,800 shares through a listing on 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 percent of the IPO.