EFG concludes advisory services on first IPO in Oman with DGC listing
**#5 EFG concludes advisory on first IPO in Oman with DGC listing: EFG Hermes announced yesterday it had taken Oman-based Dhofar Generating Company public in a USD 52 mn transaction on the Muscat Securities Market. The offering, on which EFG acted as sole global coordinator and bookrunner, saw DGC shareholders offer 40% of the company at OMR 0.225 per share to a “diversified and healthy investor mix that goes beyond the pool of retail investors and local institutions,” according to an EFG press release (pdf). Bank Dhofar was issue manager for the sale. The transaction is EFG’s first of its kind in Oman and sixth equity capital market transaction this year, said our friend Mohamed Ebeid, co-CEO of the Investment Bank at EFG.