Oman- National Life Co. to offer 25pct shares to investing public
12 Apr 2017
(MENAFN) National Life & General Insurance Co. aims to float 25 percent of its shares to the investing public amid a basic offering before August this year.
Furthermore, the firm has initiated a process to offer the share by forming a committee and people are working on it.
Additionally, the IPO is in line with a government condition for national insurance firms in Oman to float shares before the cited period this year.
Recently, the Sultanate’s market regulator Capital Market Authority had approved a request from national insurance firms to offload a 25 percent share of promoters.