Al Maha Ceramics
AMCI
AMCI
Al Maha Ceramics Company is set to commence trading on the Muscat Securities Market (MSM) today, Monday, November 3, 2014, in compliance with the proposed listing date stated in the Company’s prospectus.
The Ceramics Company’s initial public offering (IPO) is said to have received overwhelming response from investors, with subscriptions exceeding OMR 155 million through nearly 35,000 applications. Furthermore, Al Maha’s IPO was oversubscribed nearly 19.5 times as per the final subscription data given by the three collecting banks, according to Loai Bataineh, head of the Investment Management Group, an affiliate of Oman Arab Bank (OAB).
Investment Management has said that it was worked diligently with the Muscat Clearing and Depository Co. (MCD) to ensure that Al Maha’s listing is carried out according to the its prospectus.
The Ceramics Company’s initial public offering (IPO) is said to have received overwhelming response from investors, with subscriptions exceeding OMR 155 million through nearly 35,000 applications. Furthermore, Al Maha’s IPO was oversubscribed nearly 19.5 times as per the final subscription data given by the three collecting banks, according to Loai Bataineh, head of the Investment Management Group, an affiliate of Oman Arab Bank (OAB).
Investment Management has said that it was worked diligently with the Muscat Clearing and Depository Co. (MCD) to ensure that Al Maha’s listing is carried out according to the its prospectus.
Source:
Mubasher
