Musandam’s first and only independent power plant to sell 28 million shares in its IPO

Times of Oman | Oct 20, 2019 at 12:16 PM
  • Musandam Power Company SAOG- Under Transformation (MPC), the owner of the first and only independent power plant in the Musandam Governorate of the Sultanate of Oman, has announced its intention to launch an Initial Public Offering (IPO) of its equity shares.
  • MPC is founded by a consortium comprising of well-reputed leaders with an established track record in the regional and global energy industry which includes Oman Oil Company and Orpic Group and LG International Corp (LGI).
  • The power sector in Oman has a proven track record with strong interest from investors and MPC IPO will set the standards for future IPOs in Oman.