Bank Nizwa partners with OQGN as Collecting Bank for impending IPO

Bank Nizwa partners with OQGN as Collecting Bank for impending IPO

Committed to the innovation of diversified cutting-edge Islamic banking offerings, Bank Nizwa, the Sultanate of Oman's pioneering Islamic bank, announced its proud participation as a Collecting Bank for the highly anticipated OQ Gas Networks Initial Public Offering (IPO). In line with the bank's dynamic approach towards establishing strategic collaborations with key players across industries, Bank Nizwa has made subscribing to the IPO accessible to a wider audience through this move. OQ Gas Networks recently announced its intention to float 49% of its share capital via an IPO. Marking a significant milestone in Oman's financial sector, the IPO is set to be the biggest to be listed on the Muscat Stock Exchange (MSX) with 2, 122, 005, 720 shares offered for subscription. A premium energy asset, the IPO will give local and international investors the opportunity to be a part of a prominent and strategically important venture in Oman's energy landscape. Commenting on the momentous partnership, Mr. Saif Al Rawahi, Assistant General Manager Investment, Treasury, Government Relation and Project Finance at Bank Nizwa, said, "As the country's most-trusted Islamic bank, we at Bank Nizwa are proud to be the Collecting Bank for OQGN's IPO as it aligns with our dedication to