Arabia Falcon Insurance Shares Listed in MSM

Muscat, May 16 (ONA) — The shares of Arabia Falcon Insurance Company (AFIC) were listed in the parallel market at Muscat Securities Market (MSM) at a special event that was held at the MSM today in the presence of Ahmed bin Saleh al-Marhoon, Director General of MSM, officials at the Capital Market Authority (CMA), AFIC and the financial brokerage companies. The AFIC share closed at 184 Baises after floating the share price for one day only. AFIC has offered 25 per cent of its shares or 25,825,415 shares at 190 Baises per share. The offering is part of the company’s transformation from a closed joint stock company to a public joint stock company.