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Oman Oil Driller Abraj Energy Hires Banks for $500 Million IPO

  • EFG, NBO and Ahli Bank of Oman are mandated for the sale
  • The Sultanate is looking to boost trading volumes, liquidity

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The drilling unit of Oman energy firm OQ SAOC picked EFG Hermes Holding Co., National Bank of Oman and Ahli Bank of Oman to advise on its planned initial public offering.