Small investors to benefit most from Muscat City Desalination Company (MCDC) debut – Oman The Capital Market Authority has approved the allocation ratio of the shares of Muscat City Desalination Company (MCDC) taking into consideration the biggest segment of retail investors, the Authority said in a statement. Mohammed Said al Abri, Vice- President for the Capital Market Sector at CMA, said the shares were oversubscribed 19 times, with the Authority opting to give small investors the opportunity to invest in the stock market, thereby infusing new blood into the market. The move also helps safeguard against any concentration of holdings which is a bane of most markets in the region, while also broadening [âŠ] Small investors to benefit most from Muscat City Desalination Company (MCDC) debut – OmanDME GmbH2018-01-27T11:14:40+01:00
Desalination IPO opens for subscription – Muscat City – Oman MUSCAT, NOV 18 â Muscat City Desalination Company (MCDC) SAOG (under transformation) has announced the opening of its Initial Public Offering (IPO) for subscription from today, November 19, 2017. Bank Muscat is the financial adviser and issue manager for the IPO. The founding shareholders, who are leading international names in the industry, are selling these shares to the public to comply with their obligations in the Project Founder Agreement signed with the government of Oman. MCDC is offering 54,442,640 offer shares at a price of 116 baisas per offer share (comprising a nominal value of 100 baisas, premium of [âŠ] Desalination IPO opens for subscription – Muscat City – OmanDME GmbH2017-11-20T07:53:25+01:00
Muscat City Desalination plans public offering in third quarter Muscat City Desalination Company plans to float an Initial Public Offering (IPO) on the Muscat Securities Market (MSM) in the third quarter of this year. Muscat City Desalination Company (MCDC), which owns and operates the 42 million imperial gallons per day (MIGD) capacity Al Ghubra independent water project, has to divest a stake in the favour of the investing public as per an agreement with the Oman government. The company, according to highly placed sources at the Capital Market Authority, has sought approval for floating shares on MSM. MCDC, which started operation in February 2016, was jointly promoted by [âŠ] Muscat City Desalination plans public offering in third quarterDME GmbH2017-07-18T13:55:46+02:00