Oman’s national oil company OQ’s upstream business part, OQ Exploration and Production
the largest listed company on the Omani Stock Exchange MSX. Analysts were already optimistic about the will represent around 25% of the entire market capitalization of the MSX while being the largest IPO in the history of Oman. will have a total market capitalization of $8.1 billion. Its shares will start trading on MSX by October 28. Investors’ interest was pushed partly by statements that the new company will be paying out a dividend of $600 million each year between 2024 through 2026. At the same time, the company indicated that it will be paying a performance-linked dividend, which is slated to be at a level of 90% of cash flow after investments.
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