Company Insights Abraj Energy Oil & Gas Abraj Energy Overview Abraj Energy Services is an integrated energy company based in Muscat, Oman. The company specialises in providing comprehensive oil and gas services, including drilling, well services and integrated project management. Abraj Energy is a subsidiary of state-owned OQ and operates primarily within Oman, serving the sultanate’s energy sector. It has a diversified blue-chip customer base including OQ, PDO, BP and Oxy Oma. It owns and operates a fleet of advanced drilling rigs and equipment, enabling it to offer services such as onshore drilling, workover, flowback, well testing, well intervention, cementing, fracturing, coil tubing and drilling fluids services. Abraj was the first Mena-based company to launch integrated fracking services, pioneering the development of unconventional deep tight gas wells. It plans to to expand its services across the Mena region, and has been prequalified to provide various drilling, workover and well services in Kuwait, Saudi Arabia and Algeria. Abraj Energy News Markets OQ chemical subsidiary targets $490m from IPO OQ Base Industries, a subsidiary of Oman’s state energy company OQ, intends to raise up to OR187 million ($490 million) through an initial public offering on the Muscat Stock Exchange (MSX). The price range was set between 106 and 111 baisas per share, valuing the company between OR188 million and OR385 million. The subscription period […] November 19, 2024 Markets OQ’s methanol unit is latest in Oman’s privatisation push OQ Base Industries is to sell up to 49 percent of its shares through an initial public offering in Oman – the fourth flotation of an OQ subsidiary since March 2023. The Omani state oil company raised OR748.8 million ($1.94 billion) in October by offloading a 25 percent stake in its upstream subsidiary OQ Exploration […] November 4, 2024 Markets Shares in Oman’s OQEP recover after poor debut Shares in Oman’s OQ Exploration and Production rebounded on Tuesday, recovering some of their losses following a shock slump on the Muscat bourse a day earlier as dividend-seeking institutional investors took advantage of the sell-off to acquire at lower prices. OQEP, the upstream subsidiary of state oil company OQ, raised OMR748.8 million ($1.94 billion) in […] October 29, 2024 Analysis Markets Oil IPO is latest step towards Oman’s emerging market status An Omani state oil company’s $2 billion initial public offering will boost the sultanate’s chances of eventually being reclassified as an emerging market by the world’s leading stock index providers. If achieved, Oman’s blue-chips will receive sizeable inflows from passive funds that track the MSCI and FTSE emerging market benchmarks, increasing bourse turnover and likely […] September 20, 2024 Finance Oman wealth fund to launch IPOs in divestment push The Oman Investment Authority has framed a new five-year divestment plan, which includes initial public offerings in key sectors. Companies in the energy, services and logistics sectors will be floated under the 2024-28 strategy, the OIA said in a post on X. In addition to the IPOs, the sovereign wealth fund will launch private placements, […] September 11, 2024 Oil & Gas OQ to list oil production arm in largest Omani IPO Oman’s state energy company, OQ, is planning to sell up to a quarter of its exploration and production arm, OQEP, through an initial public offering, in what will be the largest IPO in the country’s history. The subscription period is expected to commence this month, while the listing is scheduled for October on the Muscat […] September 9, 2024 Real Estate Omani fund targets commercial assets after IPO Jabal Real Estate Investment Fund has targeted a swathe of commercial assets in Oman after officially listing on the Muscat Stock Exchange. The company, which has a capital portfolio of OR17 million ($45 million), is considering an office building and a warehousing complex in the sultanate. No further details were given, although both properties boast […] July 11, 2024 Markets Oman’s Asyad Group plans to float shipping subsidiary Asyad Group, Oman’s national logistics company, intends to float its subsidiary, Asyad Shipping, by year-end, according to a media report. The state-backed company has appointed Jefferies Group and EFG Hermes as advisers, Reuters reported, citing unnamed sources. Details on the initial public offering (IPO) were not given. Asyad Group, owned by Oman Investment Authority (OIA), has […] July 5, 2024 Analysis Markets Strong demand for Oman’s biggest IPO in two decades Oman’s joint-biggest initial public offering is attracting huge interest among retail investors, despite subdued recent activity on Muscat’s bourse, a senior financial industry executive told AGBI. OQ Gas Network (OQGN), a subsidiary of national oil company OQ, will sell 49 percent – or 2.12 billion – of its shares in an IPO. The company this […] September 22, 2023 Oil & Gas Oman plans IPO of gas transport operator Oman’s natural gas transportation network operator OQ Gas Networks (OQGN) is planning to sell up to 49 percent of its share capital through an IPO. The subscription, subject to regulatory approvals from the sultanate’s Capital Market Authority, will commence this month and be open to all qualified investors. The listing on the Muscat Securities Market […] September 4, 2023 Posts navigation 1 2 Next
Markets OQ chemical subsidiary targets $490m from IPO OQ Base Industries, a subsidiary of Oman’s state energy company OQ, intends to raise up to OR187 million ($490 million) through an initial public offering on the Muscat Stock Exchange (MSX). The price range was set between 106 and 111 baisas per share, valuing the company between OR188 million and OR385 million. The subscription period […] November 19, 2024
Markets OQ’s methanol unit is latest in Oman’s privatisation push OQ Base Industries is to sell up to 49 percent of its shares through an initial public offering in Oman – the fourth flotation of an OQ subsidiary since March 2023. The Omani state oil company raised OR748.8 million ($1.94 billion) in October by offloading a 25 percent stake in its upstream subsidiary OQ Exploration […] November 4, 2024
Markets Shares in Oman’s OQEP recover after poor debut Shares in Oman’s OQ Exploration and Production rebounded on Tuesday, recovering some of their losses following a shock slump on the Muscat bourse a day earlier as dividend-seeking institutional investors took advantage of the sell-off to acquire at lower prices. OQEP, the upstream subsidiary of state oil company OQ, raised OMR748.8 million ($1.94 billion) in […] October 29, 2024
Analysis Markets Oil IPO is latest step towards Oman’s emerging market status An Omani state oil company’s $2 billion initial public offering will boost the sultanate’s chances of eventually being reclassified as an emerging market by the world’s leading stock index providers. If achieved, Oman’s blue-chips will receive sizeable inflows from passive funds that track the MSCI and FTSE emerging market benchmarks, increasing bourse turnover and likely […] September 20, 2024
Finance Oman wealth fund to launch IPOs in divestment push The Oman Investment Authority has framed a new five-year divestment plan, which includes initial public offerings in key sectors. Companies in the energy, services and logistics sectors will be floated under the 2024-28 strategy, the OIA said in a post on X. In addition to the IPOs, the sovereign wealth fund will launch private placements, […] September 11, 2024
Oil & Gas OQ to list oil production arm in largest Omani IPO Oman’s state energy company, OQ, is planning to sell up to a quarter of its exploration and production arm, OQEP, through an initial public offering, in what will be the largest IPO in the country’s history. The subscription period is expected to commence this month, while the listing is scheduled for October on the Muscat […] September 9, 2024
Real Estate Omani fund targets commercial assets after IPO Jabal Real Estate Investment Fund has targeted a swathe of commercial assets in Oman after officially listing on the Muscat Stock Exchange. The company, which has a capital portfolio of OR17 million ($45 million), is considering an office building and a warehousing complex in the sultanate. No further details were given, although both properties boast […] July 11, 2024
Markets Oman’s Asyad Group plans to float shipping subsidiary Asyad Group, Oman’s national logistics company, intends to float its subsidiary, Asyad Shipping, by year-end, according to a media report. The state-backed company has appointed Jefferies Group and EFG Hermes as advisers, Reuters reported, citing unnamed sources. Details on the initial public offering (IPO) were not given. Asyad Group, owned by Oman Investment Authority (OIA), has […] July 5, 2024
Analysis Markets Strong demand for Oman’s biggest IPO in two decades Oman’s joint-biggest initial public offering is attracting huge interest among retail investors, despite subdued recent activity on Muscat’s bourse, a senior financial industry executive told AGBI. OQ Gas Network (OQGN), a subsidiary of national oil company OQ, will sell 49 percent – or 2.12 billion – of its shares in an IPO. The company this […] September 22, 2023
Oil & Gas Oman plans IPO of gas transport operator Oman’s natural gas transportation network operator OQ Gas Networks (OQGN) is planning to sell up to 49 percent of its share capital through an IPO. The subscription, subject to regulatory approvals from the sultanate’s Capital Market Authority, will commence this month and be open to all qualified investors. The listing on the Muscat Securities Market […] September 4, 2023
