Financial Authority approves Omfeco share ratios
The Financial Services Authority announced the results of the stock allocation for the initial public offering (IPO) of Omani Fertilizer Omifco, following the completion of the subscription process which exceeded the demand by 3.909 times for individual investors and 27.4 times for institutional investors. A allocation percentage ranging between 2.6806% was made, along with setting the minimum number of shares for small investors at 6,500 shares. Additionally, 5.618% of the remaining shares were allocated to small investors. The company's shares are expected to be listed on the Muscat Stock Exchange on July 8.
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