Financial Services approves Umicfo shares after oversubscription
The Sultanate of Oman announced the approval of the share allocation ratios for "Oman Fishery Company" (Oumifco) as part of its initial public offering. Subscription requests worth 4.69 billion riyals were registered, with the offering being oversubscribed 18 times. Bank Muscat successfully managed the offering process, which remains open until June 25. This move aims to strengthen the market and meet investors' demand.
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