On September 15, 2010, Omani telco Nawras announced its intention to list on the Muscat Securities Market in a development that has been highly anticipated for much of the year. Representing the first initial public offering (IPO) on the Muscat bourse since the middle of 2008, Nawras’ public offer is generating significant interest not just from Oman but across the region
The announcement of the launch of Nawras’ IPO on September 15 was met with significant enthusiasm in Oman