Abraj Energy Services announces publication of the prospectus

Abraj Energy Services announces publication of the prospectus

- A total of 377,398,000 shares, representing 49 per cent of Abraj’s share capital, will be offered, with Musandam Gas Plant LLC ("MGP"), OOCEP Holdings Limited ("OOCEP HL") and OQ Exploration & Production LLC ("OQ EP”) (together the “Selling Shareholders”), reserving the right to amend the size of the Offering (defined below) at any time prior to the end of the subscription period at their sole discretion, subject to applicable laws and the approval of the Capital Market Authority of the Sultanate of Oman (the "CMA")

- The Offering will be split into two categories, i.e. a Category I offer and a discounted Category II offer

- The Category I Subscription Price Range has been set at between Bzs 242 and Bzs 249 per share, implying a market capitalization of between OMR 186.39 mn to OMR 191.78 mn (c. US$ 484.13 mn and US$ 498.13 mn)

- The Category II Subscription Price is the Discounted Maximum Price of Bzs 224 per Share, calculated as the Maximum Price of Bzs 249 less a discount of 10 per cent.

- Minimum limit for subscription:

- Category I: 803,300 Shares and in multiples of 100 Shares thereafter

- Category II: 1,000 Shares and in multiples of 100 Shares thereafter.

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