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Oman’s OQ plans IPO that could raise $2 billion for energy firm
The state-owned company will pay $600 million in annual dividends from 2024 to 2026, along with a performance-linked dividend in 2025 and 2026
An Omani investor follows stock movements on the Muscat Securities Market. (Getty Images)
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Oman’s state energy company OQ may be about to pull off the Gulf’s biggest IPO this year.
In an offering that could raise some $2 billion, the Muscat-based firm said on Monday it will sell a 25% stake next...