Oman's Nawras to launch IPO offering

25 August 2010

Oman's Nawras, a Qtel subsidiary, is to launch an initial public offering on September 20, Reuters has reported, citing a source close to the deal. The IPO sale will be open to both local and international investors, the source said, but did not give details of the sale. Morgan Stanley and Bank Muscat are the managers for the offering.

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