Mubadala-backed SMN Power eyes $65 mln Muscat IPO

Mubadala-backed SMN Power eyes $65 mln Muscat IPO

DUBAI: SMN Power Holding, Oman's largest electricity producer and which is part-owned by Abu Dhabi fund Mubadala , plans to raise 25 million Riyals ($64.9 million) by offering 35 percent of its shares in an initial public offering (IPO) on the Muscat bourse , a prospectus showed.

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