Abraj Energy Services stock listed on MSX

Muscat: Muscat Stock Exchange (MSX) celebrated today the listing and start of trading the shares of Abraj Energy Services company.

Abraj Energy Services is considered the first company to undergo an initial public offering (IPO) within the framework of the exit plan led by the Oman Investment Authority (OIA).

The listing ceremony was attended by Abdulsalam Mohammed Al Murshidi, Chairman of OIA, Mohammed Mahfoud Al Ardhi, Chairman of MSX Board of Directors, and several stakeholders and businesspeople in the securities sector.

The volume of subscriptions in the shares of Abraj Energy Services company amounted to over OMR790 million with a coverage rate of 870 per cent. This figure exceeds the required amount by more than 8 times.