OQGN to organise roadshows to educate its IPO to investors

OQGN to organise roadshows to educate its IPO to investors

Muscat: OQGN, the Company, which holds a natural monopoly over essential gas transportation in Oman as the exclusive operator and owner of the company's natural gas transportation network (NGTN) in Oman, a part of OQ the global integrated energy group, will be organising eight roadshows to support the announcement of its intention to launch its IPO. The roadshows will be carried out in collaboration with the Capital Market Authority (CMA), the Oman Chamber of Commerce and Industry, and offices of governors and Walis in several governorates. The roadshows, starting on September 20 and ending on October 3, aim to educate investors, nationals and residents about the system of subscription in issued shares and targeted categories. OQGN plans to float up to 49 per cent of its shares, in an offering that will provide investors with access to the company's growth as the exclusive owner and operator of the gas transportation network in the Sultanate of Oman. The first roadshow will be held on September 20 in collaboration with the Oman Chamber of Commerce and Industry in the Wilayat of Sohar in Al Batinah North Governorate. The Chamber's branch in the Wilayat of Khasab will host the second roadshow in Musandam