Company Insights Abraj Energy Oil & Gas Abraj Energy News Banking & Finance PIF seeks $5bn investments in Oman Saudi Arabia’s sovereign wealth fund, PIF, has signed a memorandum of understanding with its Omani counterpart to seek out investments in Oman worth $5 billion. The agreement aims to support the expansion of investment and cooperation between PIF and its portfolio companies with the Oman Investment Authority (OIA), said a PIF announcement on Thursday. The […] July 27, 2023 Markets Oman hopes to emulate Gulf neighbours in IPO push Oman has belatedly launched a renewed part-privatisation drive and plans to float stakes in dozens of state-owned companies, following the success of similar programmes in Dubai and Abu Dhabi. The sales aim to boost Omani state coffers and diversify equity listings on the rebranded Muscat Stock Exchange (MSX) – until April 2021, the Muscat Securities […] April 24, 2023 Markets Oman’s Abraj Energy set to raise $498m via 49% stake sale Oman’s Abraj Energy Services, the oil and gas drilling business of state energy company OQ, has set its initial public offering price at 249 baizas per share, state-run Oman News Agency said. The company will, therefore, be valued at about $498 million. OQ is selling a 49 percent stake, equivalent to 377.39 million shares, of […] March 7, 2023 Energy Oman’s Abraj Energy Services to build 3 drilling platforms in Kuwait Oman-based Abraj Energy Services SAOC has signed a strategic partnership with Saudi Arabian Chevron and Kuwait Gulf Oil Company to enhance drilling and oil extraction in the onshore partitioned neutral zone in the southern part of Kuwait. Under the five-year deal, Abraj Energy Services will build three drilling platforms and provide other related services for the Wafra oil […] February 26, 2023 Markets Oman’s OQ subsidiary Abraj Energy launches IPO The initial public offering (IPO) of Abraj Energy Services, a subsidiary of Oman’s state energy company OQ, opens today, February 20, 2023. A total of 49 percent of the issued capital, or 377.398 million shares, will be put up for sale, raising up to $244 million. The selling shareholders will have the right to adjust the IPO […] February 20, 2023 Analysis Banking & Finance Middle East stock markets set to continue strong run of IPOs The stock markets in the Middle East and North Africa are preparing for a strong pipeline of initial public offerings (IPOs) in the coming months. Bourses across the region are looking to build on the success of 2022 when it saw a record number of 51 IPOs and combined proceeds of $22 billion. Abu Dhabi […] February 1, 2023 Analysis Energy Top Oman drilling firm Abraj plans regional expansion Omani oil and gas service company Abraj has set its sights firmly on exporting to the Gulf and the wider region. That’s according to Salah Al Harthy, business development director, Abraj Energy Services, Oman’s leading drilling firm and a subsidiary of state-owned OQ (formerly known as Oman Oil Company). “Abraj has significant expansion opportunities in […] October 28, 2022 Exclusive Energy Fracking in high demand as Oman drills the desert for oil Oil fracking demand in Oman has proliferated in the last four years and is projected to increase further, a top executive at Abraj Energy Services has said. Hydraulic fracturing, or fracking as it is more commonly known, is a technique for extracting oil, natural gas, geothermal energy or water from shale rock deep underground. It […] October 28, 2022 Energy Omani energy services provider eyes potential IPO Abraj Energy Services, an Omani state-owned oil and gas field services provider, is looking at launching an initial public offering (IPO), as the Sultanate looks to develop the revamped Muscat Stock Exchange (MSX). The company, which is a subsidiary of state investment vehicle OQ, said in a press statement it is “currently reviewing the possibility […] August 31, 2022 Posts navigation Previous 1 2
Banking & Finance PIF seeks $5bn investments in Oman Saudi Arabia’s sovereign wealth fund, PIF, has signed a memorandum of understanding with its Omani counterpart to seek out investments in Oman worth $5 billion. The agreement aims to support the expansion of investment and cooperation between PIF and its portfolio companies with the Oman Investment Authority (OIA), said a PIF announcement on Thursday. The […] July 27, 2023
Markets Oman hopes to emulate Gulf neighbours in IPO push Oman has belatedly launched a renewed part-privatisation drive and plans to float stakes in dozens of state-owned companies, following the success of similar programmes in Dubai and Abu Dhabi. The sales aim to boost Omani state coffers and diversify equity listings on the rebranded Muscat Stock Exchange (MSX) – until April 2021, the Muscat Securities […] April 24, 2023
Markets Oman’s Abraj Energy set to raise $498m via 49% stake sale Oman’s Abraj Energy Services, the oil and gas drilling business of state energy company OQ, has set its initial public offering price at 249 baizas per share, state-run Oman News Agency said. The company will, therefore, be valued at about $498 million. OQ is selling a 49 percent stake, equivalent to 377.39 million shares, of […] March 7, 2023
Energy Oman’s Abraj Energy Services to build 3 drilling platforms in Kuwait Oman-based Abraj Energy Services SAOC has signed a strategic partnership with Saudi Arabian Chevron and Kuwait Gulf Oil Company to enhance drilling and oil extraction in the onshore partitioned neutral zone in the southern part of Kuwait. Under the five-year deal, Abraj Energy Services will build three drilling platforms and provide other related services for the Wafra oil […] February 26, 2023
Markets Oman’s OQ subsidiary Abraj Energy launches IPO The initial public offering (IPO) of Abraj Energy Services, a subsidiary of Oman’s state energy company OQ, opens today, February 20, 2023. A total of 49 percent of the issued capital, or 377.398 million shares, will be put up for sale, raising up to $244 million. The selling shareholders will have the right to adjust the IPO […] February 20, 2023
Analysis Banking & Finance Middle East stock markets set to continue strong run of IPOs The stock markets in the Middle East and North Africa are preparing for a strong pipeline of initial public offerings (IPOs) in the coming months. Bourses across the region are looking to build on the success of 2022 when it saw a record number of 51 IPOs and combined proceeds of $22 billion. Abu Dhabi […] February 1, 2023
Analysis Energy Top Oman drilling firm Abraj plans regional expansion Omani oil and gas service company Abraj has set its sights firmly on exporting to the Gulf and the wider region. That’s according to Salah Al Harthy, business development director, Abraj Energy Services, Oman’s leading drilling firm and a subsidiary of state-owned OQ (formerly known as Oman Oil Company). “Abraj has significant expansion opportunities in […] October 28, 2022
Exclusive Energy Fracking in high demand as Oman drills the desert for oil Oil fracking demand in Oman has proliferated in the last four years and is projected to increase further, a top executive at Abraj Energy Services has said. Hydraulic fracturing, or fracking as it is more commonly known, is a technique for extracting oil, natural gas, geothermal energy or water from shale rock deep underground. It […] October 28, 2022
Energy Omani energy services provider eyes potential IPO Abraj Energy Services, an Omani state-owned oil and gas field services provider, is looking at launching an initial public offering (IPO), as the Sultanate looks to develop the revamped Muscat Stock Exchange (MSX). The company, which is a subsidiary of state investment vehicle OQ, said in a press statement it is “currently reviewing the possibility […] August 31, 2022
