$47 Billion Gulf Wealth Fund Eyes IPO Spree After Record Listing
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Oman Investment Authority is gearing up for an ambitious divestment plan that may include several dozen listings over the next five years as the Gulf sultanate chases an upgrade to emerging-market status.
Thuraiya Ahmed Al Balushi, the wealth fund’s manager for economic diversification, said about 30 assets are in the pipeline with the priority on initial public offerings. They include landmark deals in energy and logistics that are poised to exceed this year’s record-setting IPO from OQ Gas Networks SAOG, she told Bloomberg News.