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- KFH continues pioneering efforts to promote financial literacy in Kuwait
- US Fed holds interest rates steady
- Asian stocks hit by fresh tech fears as gold retreats from peak
- CBO releases its Macroeconomic Stability Report 2025
- Vodafone Qatar to showcase next-generation digital solutions enabling business growth at Web Summit
- Al Rayan Bank holds Executive Fraud Risk Management Briefing
- Saudi-built AI takes on financial crime
- Closing Bell: Saudi main market closes the week in red at 11,382
- Bahrain, UAE central banks keep interest rates unchanged
- Saudi Steel Pipe unit inks supply contract with Subsea Seven
22/06/2015 02:02 AST
Shares of Phoenix Power, which floated an initial public offering (IPO) of OMR56.3 million, will be listed on the Muscat Securities Market on Monday.
The company has allotted a minimum of 3,000 shares and 8.57 per cent of additional shares applied by retail or first category investors.
As far as the second category or institutional investors are concerned, the allotment is merely 2.52 per cent of applied shares, according to the stock market regulator Capital Market Authority.
As many as 49,096 investors - 48,727 retail investors and 369 institutional investors - received allotment.
The share price will be free float for the first three days of trading. The decision issued by Ahmed bin Saleh Al Marhoon, director general of Muscat Securities Market, stated that the listing of the company's shares in the parallel market with a capital of OMR146.26 million divided into 1,462,601,460 shares at an issue price of 110 baisas.
The number of shares that have been subscribed for, which will be made available for trading on the parallel market stands at 511,910,511 valued at OMR56.31 million
Times of Oman
04/06/2017
Phoenix Power Company SAOG, which owns and operates the giant 2,000 MW Independent Power Project (IPP) in Sur, has announced that it has agreed to pay $11.8 million to South Korean engineering contra
Oman Daily Observer
14/06/2015
The flotation of Phoenix Power Co, owner of Oman's largest power plant, has been heavily oversubscribed, attracting over RO1 billion ($2.6 billion) of bids from investors, the state-run Oman News Age
Reuters
09/06/2015
Heavy oversubscription is seen in Phoenix Power Company's initial public offering (IPO), which closed its one-month subscription on Monday.
The shares have been priced at 110 baisas per s
Times of Oman
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30/01/2026
Reinforcing its leadership in financial literacy and social responsibility, Kuwait Finance House (KFH) continues to spearhead the national "Diraya" awareness campaign. Launched by the Central Bank of
Kuwait Times
30/01/2026
Vodafone Qatar has announced its participation in Web Summit Qatar 2026, one of the world's leading technology conferences, taking place from 1-4 February 2026 at the Doha Exhibition and Convention C
The Peninsula
30/01/2026
As part of its annual Executive Fraud Risk Management Briefing, Al Rayan Bank brought together senior management to review evolving fraud risks and industry trends.
This briefing forms a key
The Peninsula
30/01/2026
Saudi Steel Pipe Company has announced that one of its consolidated subsidiaries, Global Pipe Company, has signed a significant supply contract with Subsea Seven (SS7), a global leader in offshore en
Trade Arabia
30/01/2026
Ghitha Holding delivered double-digit revenue growth and a sharp rise in profitability in 2025, supported by tighter execution across its food and agriculture businesses and a year marked by consolid
Gulfnews
Financial Information Co.
Saudi Arabia