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FINANCIAL NEWS
Oman’s Al Maha Ceramics may float IPO in 2014
29 Dec 2013
(MENAFN) Oman’s Al Maha Ceramics may float its initial public offering (IPO) in the period between March and April of 2014, Times of Oman reported.
Al Maha’s chief executive officer said that the company plans to divest 40 percent of its USD12.9 million paid up capital.
The chief executive officer said: “We are sorting out some operational issues and once that is done, we will prepare the prospectus (and seek an approval from the Capital Market Authority).”
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