(MENAFN) Oman's Al Batinah Power Co and Al Suwadi Power Co, which launched twin initial public share offers on Sunday and is owned by the same consortium, target doubled profits between 2014 and 2018 on paying off start-up costs, according to Arabian Business.
The firms, whose owners aim to raise USD163 million through the sale of 35 percent of each company, provide over a quarter of the electricity for Oman's main power grid in Muscat.
Przemek Lupa, chief executive of Al Suwadi Power and project manager for the two IPOs, said: "If people are looking for robust and very predictable dividends, this is a nice opportunity."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.