CMA approves Dhofar Power Generation's prospectus

Muscat: The Capital Market Authority (CMA) has approved the prospectus of Dhofar Power Generation Company for the offering of part of its capital in public offering of OMR23 million.
The prospectus states the company will offer 88.8 million shares at an issue price 259 baisas per share comprising 100 baisas nominal value, 157 baisas issue allowance and 2 baisas issue expenses.
Subscription period will commence on July 1, 2018 and end on July 30, 2018. The prospectus contains information on the company, its objects, future plans and financial position which would assist investors in taking investment decision.