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Omani govt's Omantel retail share sale 105 pct subscribed
April 23, 2014 / 7:06 AM / 4 years ago

Omani govt's Omantel retail share sale 105 pct subscribed

DUBAI, April 23 (Reuters) - The second and final part of the Oman government’s sale of a 19 percent stake in telecommunications operator Omantel, part of efforts to revive a privatisation programme, was 1.05 times subscribed, a Muscat bourse statement said on Wednesday.

The government said there was demand for nearly 75 million shares versus the 71.25 million shares on offer. (Reporting by Matt Smith; Editing by Andrew Torchia)

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