Oman aims to list 35 state-owned enterprises in the next five years and plans to take one or two oil companies public this year, the CEO of the Muscat Stock Exchange told CNBC Arabia on Sunday.
For the latest headlines, follow our Google News channel online or via the app.
Oman’s state-owned energy company OQ is considering local listings for some of its downstream and upstream assets but has no plan to float the parent company now, a senior executive at the state-owned energy group told Reuters in November.
Oman is following Saudi Aramco and other Gulf oil producers in looking at sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.
Read more:
Gulf IPOs plow ahead as other regions go quiet amid volatility with war in Ukraine
Oman launches first spot market for electricity in Middle East region
Saudi Arabian miner AMAK set to raise up to 1.25 billion riyals in IPO
