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Today, EFG Hermes, the prominent investment bank franchise in Frontier and Emerging Markets (FEM), declared its successful advisory role in the $748 million initial public offering (IPO) of OQ Gas Networks (OQGN) on the Muscat Stock Exchange (MSX). OQGN operates as the exclusive gas transportation network operator in Oman, with EFG Hermes serving as the Joint Global Coordinator for this transaction. This implies a market capitalization of $1.6bn and makes it the largest IPO in Oman’s history. The transaction marks EFG Hermes’ seventh advisory role on an IPO this year. OQGN’s public listing on MSX has enabled domestic and international investors to invest in Oman and participate in its Vision 2040, the long-term national development plan that aims to diversify its economy and enrich its dynamic stock market.

EFG Hermes advises on $748m offering of OQ Gas Networks, Oman’s largest IPO ever

Today, EFG Hermes, the prominent investment bank franchise in Frontier and Emerging Markets (FEM), declared its successful advisory role in the $748 million initial public offering (IPO) of OQ Gas Networks (OQGN) on the Muscat Stock Exchange (MSX). OQGN operates as the exclusive gas transportation network operator in Oman, with EFG Hermes serving as the Joint Global Coordinator for this transaction. This implies a market capitalization of $1.6bn and makes it the largest IPO in Oman’s history. The transaction marks EFG Hermes’ seventh advisory role on an IPO this year. OQGN’s public listing on MSX has enabled domestic and international investors to invest in Oman and participate in its Vision 2040, the long-term national development plan that aims to diversify its economy and enrich its dynamic stock market.

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