Oman Fertilizer Firm Is Said to Prepare for Possible Muscat IPO

Oman India Fertiliser Co SAOC has started early preparations for a potential listing in Muscat, marking a renewed push by the sultanate to privatize companies and deepen its capital markets.

OMIFCO, as the fertilizer producer is known, has sent out requests for proposals to banks for the listing it is considering, according to people familiar with the matter, who asked not to be identified because the information is private.

Oman’s main energy firm OQ SAOC owns 50% of the venture, with the remainder equally split between IFFCO and Kribhco, two Indian agricultural cooperatives.

The plans are at an early stage ...