March 6 (Reuters) - Oman's Abraj Energy Services, the
oil and gas drilling business of state energy company OQ, has
set the price for its initial public offering at 249 baizas per
share, Oman's state news agency said on Monday, which would
value the company at about $498 million.
OQ is selling 49%, equivalent to 377,398,000 shares, of
Abraj in a public share sale. The price range for the IPO was
set last month at between 242 and 249 baizas per share.
($1 = 0.3849 Omani rials)
(Reporting by Moaz Abd-Alaziz in Cairo
Writing by Yousef Saba in Dubai
Editing by David Goodman
)
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