Omani state drilling firm Abraj Energy said on 7 March that there has been significant demand for the Sultanate’s first IPO since 2010 and its largest ever.

Abraj is a wholly owned entity of state energy firm OQ, which is floating 49% or 377.4mn shares in the drilling company on the Muscat Stock Exchange. The shares are set to begin trading on 14 March and have been oversubscribed to the tune of 870%. (CONTINUED - 245 WORDS)