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 [