ahlibank provides customers opportunity to subscribe to OQGN IPO

ahlibank provides customers opportunity to subscribe to OQGN IPO

Muscat: In line with its efforts to provide the best for its growing customer base, ahlibank has recently announced its participation as the Collecting Bank for OQ Gas Networks (OQGN) Initial Public Offering (IPO). This is in line with the bank's strategic objectives to collaborate with key institutions across the Sultanate of Oman, to bring the latest propositions to its customers. ahlibank research division initiated the OQ Gas Network report with a target price of 160 Baisas, implying an upside of 14. 1 per cent on the high end of the IPO price range (for Category I investors) and 26. 8 per cent upside on the IPO price (for Category II investors). In regards to making this year's most talked about IPO subscription accessible to a broader populace, Hana Al Kharusi, Senior General Manager – Wholesale Banking, ahlibank, said, "We are thrilled to be a facilitator of the biggest IPO in the sultanate, as it is a testament to our commitment to providing excellent services. This reinforces our dedication to empowering businesses and investors with innovative solutions. We look forward to helping our customers seize this remarkable opportunity and navigate their path to financial success." A successful IPO of OQGN