Oman Sohar Power Co will begin selling shares to the public on Tuesday in a 13.33 million ($34.62) rial initial public offering, according to a propectus.
Sohar is 50 percent owned by Suez Energy International, part of French utilities group Suez. Omani firms Sogex, National Trading Company, Zubair Group, WJ Towell and the Ministry of Defence's pension fund each own 10 percent.
The IPO, set to be the second in Oman this year, will see Sohar selling a 35 percent stake and is open to both Omanis and foreigners.
It will close on July 31. Bank Muscat is advising on the sale. - Reuters