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PRODID:-//Sembcorp Salalah Power and Water Company - ECPv6.15.4//NONSGML v1.0//EN
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X-WR-CALNAME:Sembcorp Salalah Power and Water Company
X-ORIGINAL-URL:https://www.sembcorpsalalah.com.om/ar
X-WR-CALDESC:Events for Sembcorp Salalah Power and Water Company
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BEGIN:VTIMEZONE
TZID:UTC
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20130101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VTIMEZONE
TZID:UTC
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20130101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=UTC:20140730T080000
DTEND;TZID=UTC:20140730T170000
DTSTAMP:20260403T193407
CREATED:20220604T102108Z
LAST-MODIFIED:20220604T133851Z
UID:5073-1406707200-1406739600@www.sembcorpsalalah.com.om
SUMMARY:1H2014 Results Release
DESCRIPTION:
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/1h2014-results-release/
CATEGORIES:Events
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20140430T080000
DTEND;TZID=UTC:20140430T170000
DTSTAMP:20260403T193407
CREATED:20220604T102023Z
LAST-MODIFIED:20220604T133845Z
UID:5071-1398844800-1398877200@www.sembcorpsalalah.com.om
SUMMARY:1Q2014 Results Release
DESCRIPTION:
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/1q2014-results-release/
CATEGORIES:Events
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20140331T080000
DTEND;TZID=UTC:20140331T170000
DTSTAMP:20260403T193407
CREATED:20220604T101819Z
LAST-MODIFIED:20220604T133826Z
UID:5069-1396252800-1396285200@www.sembcorpsalalah.com.om
SUMMARY:Annual General Meeting
DESCRIPTION:
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/annual-general-meeting/
CATEGORIES:Events
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20140313
DTEND;VALUE=DATE:20140314
DTSTAMP:20260403T193407
CREATED:20220618T072758Z
LAST-MODIFIED:20220618T072758Z
UID:6572-1394668800-1394755199@www.sembcorpsalalah.com.om
SUMMARY:Invitation to AGM (CMA)
DESCRIPTION:Invitation to AGM (CMA)
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/invitation-to-agm-cma/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20140313
DTEND;VALUE=DATE:20140314
DTSTAMP:20260403T193407
CREATED:20220617T135137Z
LAST-MODIFIED:20220617T135137Z
UID:6301-1394668800-1394755199@www.sembcorpsalalah.com.om
SUMMARY:Invitation to AGM
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/invitation-to-agm/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20140313
DTEND;VALUE=DATE:20140314
DTSTAMP:20260403T193407
CREATED:20220617T134812Z
LAST-MODIFIED:20220617T134918Z
UID:6296-1394668800-1394755199@www.sembcorpsalalah.com.om
SUMMARY:Statement of Disclosure
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/statement-of-disclosure/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20140130T080000
DTEND;TZID=UTC:20140130T170000
DTSTAMP:20260403T193407
CREATED:20220604T101709Z
LAST-MODIFIED:20220604T133835Z
UID:5067-1391068800-1391101200@www.sembcorpsalalah.com.om
SUMMARY:FY2013 Results Release
DESCRIPTION:
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/fy2013-results-release/
CATEGORIES:Events
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20131107
DTEND;VALUE=DATE:20131108
DTSTAMP:20260403T193407
CREATED:20220618T073628Z
LAST-MODIFIED:20220618T073628Z
UID:6585-1383782400-1383868799@www.sembcorpsalalah.com.om
SUMMARY:SSPW – MSM disclosure (05 11 13) – OGM
DESCRIPTION:SSPW – MSM disclosure (05 11 13) – OGM
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sspw-msm-disclosure-05-11-13-ogm/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20131107
DTEND;VALUE=DATE:20131108
DTSTAMP:20260403T193407
CREATED:20220618T073217Z
LAST-MODIFIED:20220618T073423Z
UID:6580-1383782400-1383868799@www.sembcorpsalalah.com.om
SUMMARY:Press Release on OGM Salalah
DESCRIPTION:Press Release on OGM Salalah
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/press-release-on-ogm-salalah/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20131103T080000
DTEND;TZID=UTC:20131103T170000
DTSTAMP:20260403T193407
CREATED:20220604T101556Z
LAST-MODIFIED:20220604T133819Z
UID:5065-1383465600-1383498000@www.sembcorpsalalah.com.om
SUMMARY:Ordinary General Meeting
DESCRIPTION:
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/ordinary-general-meeting/
CATEGORIES:Events
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20131030T080000
DTEND;TZID=UTC:20131030T170000
DTSTAMP:20260403T193407
CREATED:20220604T101104Z
LAST-MODIFIED:20220604T133812Z
UID:5054-1383120000-1383152400@www.sembcorpsalalah.com.om
SUMMARY:3Q2013 Results Release
DESCRIPTION:
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/3q2013-results-release/
CATEGORIES:Events
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20131030
DTEND;VALUE=DATE:20131031
DTSTAMP:20260403T193407
CREATED:20220618T073826Z
LAST-MODIFIED:20220618T073912Z
UID:6590-1383091200-1383177599@www.sembcorpsalalah.com.om
SUMMARY:Financial Statements (30 June 2013)
DESCRIPTION:Financial Statements (30 June 2013) \n\n\n<
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/financial-statements-30-june-2013/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20131023
DTEND;VALUE=DATE:20131024
DTSTAMP:20260403T193407
CREATED:20220618T074442Z
LAST-MODIFIED:20220618T074442Z
UID:6601-1382486400-1382572799@www.sembcorpsalalah.com.om
SUMMARY:Invitation to an OGM – 3rd Nov 2013
DESCRIPTION:Muscat\, 23 October 2013 – Invitation to an Ordinary General\nMeeting of Sembcorp Salalah Power & Water Company SAOG.\nThe Board of Directors of Sembcorp Salalah Power & Water Company SAOG are\npleased to invite the shareholders of the company to attend an Ordinary General\nMeeting of the Company (OGM) to be held at 3.00 PM on 3rd November 2013 at the\nCapital Market Authority. \n  \n\n\n \nDownload PDF
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/invitation-to-an-ogm-3rd-nov-2013-2/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20131023
DTEND;VALUE=DATE:20131024
DTSTAMP:20260403T193407
CREATED:20220618T074148Z
LAST-MODIFIED:20220618T074149Z
UID:6596-1382486400-1382572799@www.sembcorpsalalah.com.om
SUMMARY:Invitation to an OGM – 3rd Nov 2013
DESCRIPTION:Invitation to an OGM – 3rd Nov 2013
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/invitation-to-an-ogm-3rd-nov-2013/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130928
DTEND;VALUE=DATE:20130929
DTSTAMP:20260403T193407
CREATED:20220617T135752Z
LAST-MODIFIED:20220617T135824Z
UID:6304-1380326400-1380412799@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah IPO Raises RO53mn
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-ipo-raises-ro53mn/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130926
DTEND;VALUE=DATE:20130927
DTSTAMP:20260403T193407
CREATED:20220618T074707Z
LAST-MODIFIED:20220618T074707Z
UID:6605-1380153600-1380239999@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah Announces Closing of Initial Public Offering
DESCRIPTION:OMR 53 million raised in Oman’s largest IPO of 2013\n\n\n\n\n\n\nMuscat\, 26 September 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company)\, a leading power and water company based in the Dhofar Governorate of Oman\, today announced the successful closure of its initial public offering of 35% of the total share capital\, or 33\,410\,019 existing ordinary shares\, at a price of OMR 1.590 per share. The issue was opened for subscription on 28 August 2013 and closed on 26 September 2013.\n\n\n\n\n\nThe offering\, which raised OMR 53 million\, making it the largest in Oman this year as well as one of the largest in the region\, was comfortably oversubscribed and attracted strong levels of demand from both retail and institutional investors across the Sultanate\, the GCC and Europe. This implies an opening market capitalisation of OMR 152 million. Trading of the company’s shares is set to commence on the Muscat Securities Market on or around 10 October 2013.\n\n\n\n\n\nHSBC Bank Oman SAOG acted as Issue Manager for the offering. HSBC Bank Middle East Limited acted as Sole Global Coordinator and Bookrunner.\n\n\n\n\n\nCommenting on the offer close\, Mr Lim Yeow Keong\, Chief Executive Officer of Sembcorp Salalah\, said\, “We are delighted by the response we have received from such a wide range of investors in Oman and across the region. The overwhelming support and warm welcome we have received reflects the confidence in Sembcorp Salalah’s stable business model and recognises this unique opportunity to invest in an established operator with strong government support and strong predictability of cash flows.”\n\n\n\n\n\n“We are thrilled to welcome our new investors to the Sembcorp Salalah shareholder register and we look forward to delivering on our commitment to meet the Dhofar region’s growing and long-term power and water demand.”\n\n\n\n  \n\n\n \nDownload PDF
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-announces-closing-of-initial-public-offering/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130919
DTEND;VALUE=DATE:20130920
DTSTAMP:20260403T193407
CREATED:20220617T140158Z
LAST-MODIFIED:20220617T140158Z
UID:6308-1379548800-1379635199@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah Share Offer Attractive: United Securities
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-share-offer-attractive-united-securities/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130918
DTEND;VALUE=DATE:20130919
DTSTAMP:20260403T193407
CREATED:20220618T075044Z
LAST-MODIFIED:20220618T075044Z
UID:6608-1379462400-1379548799@www.sembcorpsalalah.com.om
SUMMARY:One Week Until Sembcorp Salalah IPO Offer Close
DESCRIPTION:Muscat\, 18 September 2013 – Sembcorp Salalah Power & Water Company (“Sembcorp Salalah” or “the Company”)\, a leading power and water company based in the Dhofar Governorate of Oman\, has begun the countdown to the completion of its Initial Public Offering (IPO)\, which launched on 28 August. The IPO\, which has seen strong interest from investors across the Sultanate and the broader Gulf region\, closes for subscription on 26 September 2013.\n\n\n\n\n\nThe IPO of 33\,410\,019 existing ordinary shares represents 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share\, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. The offering is expected to be the biggest in Oman this year. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013.\n\n\n\n\n\nHSBC Bank Middle East Limited is the Sole Global Coordinator and Bookrunner. HSBC Bank Oman SAOG is the Issue Manager. Retail investors with an interest in participating in the IPO are encouraged to complete and submit their applications in any of the Collecting Banks which include Bank Muscat\, Oman Arab Bank\, National Bank of Oman and Bank Dhofar.\n\n\n\n\n\nCommenting on the IPO\, Mr Lim Yeow Keong\, Chief Executive Officer of Sembcorp Salalah\, said\, “With only one week to go until our share offer closes\, investors in Oman have a limited period in which to participate in our IPO. We are very excited by the widespread positive investor sentiment and significant interest in the Sembcorp Salalah offer that we have seen over the past three weeks. During this time we have presented investors across Oman and the broader Gulf region with a fantastic opportunity to invest in an established operator with strong predictability of cash flows that will result in stable recurring income\, a highly attractive dividend yield and opportunities for growth.”\n\n\n\n\n\n“As we enter the final week of the subscription period\, we are still seeing a strong level of demand for the offer\, and I look forward to a successful completion on the 26 September.”\n\n\n\n\n\nAbout the IPO\n\n\n\n\n\n\n•\nThe offer period commenced on 28 August 2013 and will end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013.\n\n\n\n\n\n\n•\nThe offer is open to Omani and non-Omani individual investors\, juristic persons and institutions through two categories.\n\n\n\n\n\n\n•\nThe minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors\, the minimum subscription is 50\,100 shares and in multiples of 100 shares thereafter.\n\n\n\n\n\n\n•\nThe maximum subscription for Category I investors is 50\,000 shares. For Category II investors\, the maximum subscription is 10% of the size of the share offer\, which equates to 3\,341\,000 shares.\n\n\n\n\n\n\n•\nShares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription.\n\n\n\n\n\n\n•\nThe IPO Prospectus\, Articles of Association and Application Forms are available from the following Collecting Banks throughout the offer period: Bank Muscat\, Oman Arab Bank\, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website www.ttct.net/sembcorp-demo-1/ipo\, which contains further information.\n\n\n\n\n\n\n\n\n\nAbout Sembcorp Salalah:\n\n\n\n\n\n\n•\nSembcorp Salalah developed\, owns and operates an electricity generation and seawater desalination plant\, the Salalah Independent Water and Power Plant\, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah\, the administrative town in the Dhofar Governorate.\n\n\n\n\n\n\n•\nThe plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant.\n\n\n\n\n\n\n•\nAs of the date of this announcement\, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.\n\n\n\n\n\n\n•\nThe Company has invested approximately US$1 billion to develop\, finance\, build\, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP)\, which is indirectly wholly-owned by the Omani government.\n\n\n\n\n\n\n•\nAs the largest and most energy-efficient power and water plant in the Dhofar Governorate\, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond.\n\n\n\n\n\n\n•\nSembcorp Salalah is currently 60% owned by Sembcorp Utilities\, a wholly-owned subsidiary of Singapore-based Sembcorp Industries\, 35% owned by Oman Investment Corporation (OIC) and 5% owned by BDCC Investment Company\, which is managed by Instrata.\n\n\n\n\n\n\n\n\n\n\n\n\n\nBusiness Highlights: \nStrong predictability of stable cash flows: \n\n\n\n•\nSembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis\, based on the power and water that is made available.\n\n\n\n\n\n\n•\nUnder the PWPA\, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant\, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP.\n\n\n\n\n\n\n\nWell-established contractual framework: \n\n\n\n•\nSembcorp Salalah’s project represents one of 12 independent power and/or water production projects to be implemented by the government through OPWP on a “build\, own and operate” basis and benefits from a well-established contractual framework.\n\n\n\n\n\n\n\nStrong government support and stable revenues due to the strategic importance of both the industry and project: \n\n\n\n•\nThe power and water sectors are of high strategic importance to the Dhofar Governorate and Oman as a whole. As of July 2013\, the plant’s capacity constitutes approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.\n\n\n\n\n\n\n•\nGiven the projected growth in electricity and water demand\, the plant is expected to remain critical to the continued supply of power and water in the Dhofar Governorate in the long term.\n\n\n\n\n\n\n\nFully operational project with minimal operating risk: \n\n\n\n•\nThe plant is completed and has been in full commercial operation for over 14 months. In addition\, Sembcorp Salalah benefits from minimal operating risk as its operator\, Sembcorp Salalah O&M Services Company (Sembcorp Salalah O&M)\, is a joint venture indirectly owned by the Project Sponsors\, Sembcorp Utilities and OIC\, creating an alignment of interests which ensures that the plant is operated efficiently. Sembcorp Salalah O&M is managed locally and benefits from the procedures and expertise of Sembcorp Utilities\, which is well established and has a demonstrated track record of running similar plants across the continents\, with facilities of over 5\,900 MW of power capacity and over 1\,500 MiGD of water in operation and under development globally.\n\n\n\n\n\n\n\nExcess capacity and outage allowance to ensure an extended plant lifespan: \n\n\n\n•\nManagement believes that the excess of actual capacity over the contracted capacity of the plant will more than compensate for the estimated degradation of the plant over the term of the PWPA.\n\n\n\n\n\n\n•\nThe PWPA also allows Sembcorp Salalah to perform maintenance on the power plant at designated off-peak periods of the year. This contemplated maintenance is likely to extend the lifespan of the plant and delay the degradation of its electricity and desalinated water capacity.\n\n\n\n\n\n\n\nMitigation of fuel risks: \n\n\n\n•\nUnder the natural gas sales agreement between Sembcorp Salalah and the Ministry of Oil & Gas\, the plant has mitigated risks associated with gas quality\, gas supply and gas price. In the event that natural gas is not available\, and provided that Sembcorp Salalah is not in breach of its obligations regarding the operations of the plant\, Sembcorp Salalah is still entitled to receive its incremental costs for the use of diesel from the Ministry of Oil & Gas and capacity charges from OPWP.\n\n\n\n\n\n\n\nExtensive experience of the Project Sponsors: \n\n\n\n•\nSembcorp Salalah benefits from the extensive water and energy experience of the Project Sponsors. Sembcorp Utilities is a leading energy\, water and on-site logistics group with a strong track record in identifying\, securing\, financing and executing energy and water projects and has a number of strategic relationships and long-term partnerships with multinational customers. OIC is a private equity investment company with strong experience of investing in the region and a diversified portfolio of investments in the oil and gas\, petrochemical\, construction and manufacturing sectors in Oman.\n\n\n\n\n\n\n•\nThe project is strategically important to the Project Sponsors\, who provide Sembcorp Salalah with technological and management capabilities and expertise that are critical to its operational success.\n\n\n\n\n\n\n\nExperienced and skilled operational personnel:. \n\n\n\n•\nSembcorp Salalah has the advantage of well-trained and experienced personnel\, who bring extensive management expertise and the knowledge sharing of know-how accumulated through decades of experience. Sembcorp Salalah personnel are also able to attend training and off-site sessions with personnel of the Project Sponsors around the world in order to share and exchange knowledge and best practices.\n\n\n\n\n\n\n\nOpportunities for incremental revenue growth: \n\n\n\n•\nSembcorp Salalah has two key opportunities for incremental growth of revenues:\n\n\n\n\n\n\n\ni. The expansion of existing facilities to deliver additional desalinated water capacity\, in line with the current government policy to minimise use of groundwater\, and\n\n\n\nii. The sale of current excess power capacity.\n\n\n\n\n\n\n\n  \n  \n\n\n \nDownload PDF
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/one-week-until-sembcorp-salalah-ipo-offer-close/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130918
DTEND;VALUE=DATE:20130919
DTSTAMP:20260403T193408
CREATED:20220617T140654Z
LAST-MODIFIED:20220617T140654Z
UID:6316-1379462400-1379548799@www.sembcorpsalalah.com.om
SUMMARY:Strong Investor Interest in Sembcorp Salalah IPO
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/strong-investor-interest-in-sembcorp-salalah-ipo/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130918
DTEND;VALUE=DATE:20130919
DTSTAMP:20260403T193408
CREATED:20220617T140318Z
LAST-MODIFIED:20220617T140510Z
UID:6310-1379462400-1379548799@www.sembcorpsalalah.com.om
SUMMARY:Strong Investor Interest in Sembcorp Salalah IPO
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-successfully-completes-initial-public-offering/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130916
DTEND;VALUE=DATE:20130917
DTSTAMP:20260403T193408
CREATED:20220617T140824Z
LAST-MODIFIED:20220617T140824Z
UID:6318-1379289600-1379375999@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah IPO Roadshow Attracts Investor Interest
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-ipo-roadshow-attracts-investor-interest/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130915
DTEND;VALUE=DATE:20130916
DTSTAMP:20260403T193408
CREATED:20220617T141114Z
LAST-MODIFIED:20220617T141138Z
UID:6324-1379203200-1379289599@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp IPO Poised to be Oversubscribed
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-ipo-poised-to-be-oversubscribed/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130915
DTEND;VALUE=DATE:20130916
DTSTAMP:20260403T193408
CREATED:20220618T075241Z
LAST-MODIFIED:20220618T075241Z
UID:6611-1379203200-1379289599@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah IPO Roadshow Attracts Investor Interest
DESCRIPTION:Muscat\, 15 September 2013 – Sembcorp Salalah Power & Water Company (“Sembcorp Salalah” or “the Company”)\, a leading power and water company based in the Dhofar Governorate of Oman\, has attracted significant investor interest across the Gulf region during the company’s roadshow meetings with some of the most influential investors in the region. \nThe IPO roadshow\, which started on 28th August\, has seen senior management meeting top investors across Oman\, Qatar\, the UAE and the Kingdom of Saudi Arabia\, reflecting the strong level of investor interest in the Company\, and in Oman from across the region. \nThe IPO of 33\,410\,019 existing ordinary shares\, which was launched on 28 August\, represents 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share\, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. The IPO offer period ends on 26 September 2013 and the shares are expected to be admitted to trading on the Muscat Securities Market on or around 10 October 2013. The offering is expected to be the biggest in Oman this year. \nCommenting on the favourable reaction by investors\, Mr Lim Yeow Keong\, Chief Executive Officer of Sembcorp Salalah\, said\, “The IPO marks a milestone in Sembcorp Salalah’s history and we are very pleased by the positive reception and the significant level of investor interest we have seen so far. We are seeing interest from individual and institutional investors who share our view that the offer represents a good opportunity for investors to benefit from the stable revenues\, strong Omani government support\, and attractive future dividend yield of Sembcorp Salalah. \n“The roadshow is providing a great experience to meet face-to-face with potential investors in Sembcorp Salalah across the region and we look forward to becoming a publicly listed company and broadening our existing shareholder base.” \n\n\n \nDownload PDF
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-ipo-roadshow-attracts-investor-interest-3/
CATEGORIES:Announcements
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20130915
DTEND;VALUE=DATE:20130916
DTSTAMP:20260403T193408
CREATED:20220617T140938Z
LAST-MODIFIED:20220617T140953Z
UID:6321-1379203200-1379289599@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah IPO Roadshow Attracts Investor Interest
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-ipo-roadshow-attracts-investor-interest-2/
CATEGORIES:News
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20130903
DTEND;VALUE=DATE:20130904
DTSTAMP:20260403T193408
CREATED:20220617T141426Z
LAST-MODIFIED:20220617T141426Z
UID:6327-1378166400-1378252799@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp IPO Poised to be Oversubscribed
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-ipo-poised-to-be-oversubscribed-2/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130902
DTEND;VALUE=DATE:20130903
DTSTAMP:20260403T193408
CREATED:20220617T141626Z
LAST-MODIFIED:20220617T141626Z
UID:6330-1378080000-1378166399@www.sembcorpsalalah.com.om
SUMMARY:MSM Holds Investor Meet on Sembcorp IPO
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/msm-holds-investor-meet-on-sembcorp-ipo/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130829
DTEND;VALUE=DATE:20130830
DTSTAMP:20260403T193408
CREATED:20220617T141743Z
LAST-MODIFIED:20220617T141752Z
UID:6333-1377734400-1377820799@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah Launches Initial Public Offering
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-launches-initial-public-offering/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130828
DTEND;VALUE=DATE:20130829
DTSTAMP:20260403T193408
CREATED:20220618T075658Z
LAST-MODIFIED:20220618T075658Z
UID:6614-1377648000-1377734399@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah Launches Initial Public Offering
DESCRIPTION:An established operator backed by government support\, strong predictability of cash flows and experienced Project Sponsors\nSubscription is now open for Oman’s biggest IPO so far in 2013\n\n \n\n\n\n\n\nMuscat\, 28 August 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company)\, a leading power and water company based in the Dhofar Governorate of Oman\, today launched its Initial Public Offering (IPO) of 33\,410\,019 existing ordinary shares\, representing 35% of the issued share capital of Sembcorp Salalah. Shares are priced at OMR 1.590 per ordinary share. The IPO is now open for subscription until 26 September 2013.\n\n\n\n\n\nThe IPO is expected to raise around OMR 53 million\, which would make it the biggest share offer in Oman so far in 2013. The existing shareholders\, Sembcorp Utilities\, Oman Investment Company (OIC) and BDCC Investment Company\, are required to undertake this IPO and make 35% of the Company’s shares available to the public as the IPO is a condition under the Project Founders’ Agreement.\n\n\n\n\n\nHighlights:\n\n\n\n\n\n\n\n\n\n•\nIPO of 35% of the issued share capital of Sembcorp Salalah\n\n\n\n\n\n\n•\nOffer runs from 28 August 2013 to 26 September 2013\n\n\n\n\n\n\n•\nOffer open to individual investors\, juristic persons and institutions within Oman\, and to non-Omani investors outside of US\, Canada\, Australia\, South Africa\, Republic of Ireland and Japan\n\n\n\n\n\n\n•\nShares priced at OMR 1.590 per share\n\n\n\n\n\n\n•\nOffer size of OMR 53 million\n\n\n\n\n\n\n•\nMarket capitalisation on listing of OMR 152 million\n\n\n\n\n\n\n•\nFirst day of trading expected to be around 10 October 2013\n\n\n\n\n\n\n•\nFurther information available from the Issue Manager\, HSBC Bank Oman SAOG; the following Collecting Banks: Bank Muscat\, Oman Arab Bank\, National Bank of Oman and Bank Dhofar; as well as at a dedicated IPO website: www.ttct.net/sembcorp-demo-1/ipo\n\n\n\n\n\n\n\nCommenting on the launch\, Mr Lim Yeow Keong\, Chief Executive Officer of Sembcorp Salalah\, said\, “We are pleased to offer the public the unique opportunity to invest in Sembcorp Salalah. With an established operation backed by strong government support\, our Company allows our shareholders to benefit from a stable business model and strong predictability of cash flows\, as well as future growth opportunities. It’s a very exciting time for us as we look forward to welcoming new shareholders into the Company.” \nMr Tang Kin Fei\, Group President & CEO of Sembcorp Industries and Chairman of Sembcorp Salalah\, said\, “We are delighted to launch the next stage in Sembcorp Salalah’s development now that we have successfully delivered this plant\, which is expected to play a major role in meeting the region’s growing power and water demand for many years to come. Sembcorp Salalah is a world-class operator that benefits from the proven track record of Sembcorp as an established developer\, owner and operator of large-scale power and water projects worldwide\, and the regional knowledge and experience of OIC. As a long-term shareholder of the Company\, we look forward to welcoming new shareholders on board with us.” \nMr Kalat Al-Bulooshi\, CEO of OIC and Deputy Chairman of Sembcorp Salalah\, commented\, “Sembcorp Salalah makes a valuable contribution to Oman through the provision of power and water to the people of Dhofar. This IPO is a great opportunity for Omanis to own a part of the Company\, and to be an integral part of the future of both Sembcorp Salalah and the development of Dhofar.” \nAbout the IPO \n\n\n\n•\nThe offer period will commence on 28 August 2013 and end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013.\n\n\n\n\n\n\n•\nThe offer is open to Omani and non-Omani individual investors\, juristic persons and institutions through two categories.\n\n\n\n\n\n\n•\nThe minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors\, the minimum subscription is 50\,100 shares and in multiples of 100 shares thereafter.\n\n\n\n\n\n\n•\nThe maximum subscription for Category I investors is 50\,000 shares. For Category II investors\, the maximum subscription is 10% of the size of the share offer\, which equates to 3\,341\,000 shares.\n\n\n\n\n\n\n•\nShares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription.\n\n\n\n\n\n\n•\nThe IPO Prospectus\, Articles of Association and Application Forms will be available from the following Collecting Banks throughout the offer period: Bank Muscat\, Oman Arab Bank\, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website www.ttct.net/sembcorp-demo-1/ipo\, which contains information about the Company and the IPO as well as downloadable copies of the IPO Prospectus and the summary Offer Pamphlet.\n\n\n\n\n\n\n\nAbout Sembcorp Salalah: \n\n\n\n•\nSembcorp Salalah developed\, owns and operates an electricity generation and seawater desalination plant\, the Salalah Independent Water and Power Plant\, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah\, the administrative town in the Dhofar Governorate.\n\n\n\n\n\n\n•\nThe plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant.\n\n\n\n\n\n\n•\nAs of the date of this announcement\, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.\n\n\n\n\n\n\n•\nThe Company has invested approximately US$1 billion to develop\, finance\, build\, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP)\, which is indirectly wholly-owned by the Omani government.\n\n\n\n\n\n\n•\nAs the largest and most energy-efficient power and water plant in the Dhofar Governorate\, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond.\n\n\n\n\n\n\n•\nSembcorp Salalah is currently 60% owned by Sembcorp Utilities\, a wholly-owned subsidiary of Singapore-based Sembcorp Industries\, 35% owned by OIC and 5% owned by BDCC Investment Company.\n\n\n\n\n\n\n\nBusiness Highlights: \nStrong predictability of stable cash flows: \n\n\n\n•\nSembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis\, based on the power and water that is made available.\n\n\n\n\n\n\n•\nUnder the PWPA\, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant\, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP.\n\n\n\n\n\n\n\nWell-established contractual framework: \n\n\n\n•\nSembcorp Salalah’s project represents one of 12 independent power and/or water production projects to be implemented by the government through OPWP on a “build\, own and operate” basis and benefits from a well-established contractual framework.\n\n\n\n\n\n\n\nStrong government support and stable revenues due to the strategic importance of both the industry and project: \n\n\n\n•\nThe power and water sectors are of high strategic importance to the Dhofar Governorate and Oman as a whole. As of July 2013\, the plant’s capacity constitutes approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.\n\n\n\n\n\n\n•\nGiven the projected growth in electricity and water demand\, the plant is expected to remain critical to the continued supply of power and water in the Dhofar Governorate in the long term.\n\n\n\n\n\n\n\nFully operational project with minimal operating risk: \n\n\n\n•\nThe plant is completed and has been in full commercial operation for over 14 months. In addition\, Sembcorp Salalah benefits from minimal operating risk as its operator\, Sembcorp Salalah O&M Services Company (Sembcorp Salalah O&M)\, is a joint venture indirectly owned by the Project Sponsors\, Sembcorp Utilities and OIC\, creating an alignment of interests which ensures that the plant is operated efficiently.\n\n\n\n\n\n\n•\nSembcorp Salalah O&M is managed locally and benefits from the procedures and expertise of Sembcorp Utilities\, which is well established in the region and has a demonstrated track record of running similar plants\, with facilities of over 5\,900 MW of power capacity and over 1\,500 MiGD of water in operation and under development globally.\n\n\n\n\n\n\n\nExcess capacity and outage allowance to ensure an extended plant lifespan: \n\n\n\n•\nManagement believes that the excess of actual capacity over the contracted capacity of the plant will more than compensate for the estimated degradation of the plant over the term of the PWPA.\n\n\n\n\n\n\n•\nThe PWPA also allows Sembcorp Salalah to perform maintenance on the power plant at designated off-peak periods of the year. This contemplated maintenance is likely to extend the lifespan of the plant and delay the degradation of its electricity and desalinated water capacity.\n\n\n\n\n\n\n\nMitigation of fuel risks: \n\n\n\n•\nUnder the natural gas sales agreement between Sembcorp Salalah and the Ministry of Oil & Gas\, the plant has mitigated risks associated with gas quality\, gas supply and gas price. In the event that natural gas is not available\, and provided that Sembcorp Salalah is not in breach of its obligations regarding the operations of the plant\, Sembcorp Salalah is still entitled to receive its incremental costs for the use of diesel from the Ministry of Oil & Gas and capacity charges from OPWP.\n\n\n\n\n\n\n\nExtensive experience of the Project Sponsors: \n\n\n\n•\nSembcorp Salalah benefits from the extensive water and energy experience of the Project Sponsors. Sembcorp Utilities is a leading energy\, water and on-site logistics group with a strong track record in identifying\, securing\, financing and executing energy and water projects and has a number of strategic relationships and long-term partnerships with multinational customers. OIC is a private equity investment company with strong experience of investing in the region and a diversified portfolio of investments in the oil and gas\, petrochemical\, construction and manufacturing sectors in Oman.\n\n\n\n\n\n\n•\nThe project is strategically important to the Project Sponsors\, who provide Sembcorp Salalah with technological and management capabilities and expertise that are critical to its operational success.\n\n\n\n\n\n\n\nExperienced and skilled operational personnel:. \n\n\n\n•\nSembcorp Salalah has the advantage of well-trained and experienced personnel\, who bring extensive management expertise and the knowledge sharing of know-how accumulated through decades of experience. Sembcorp Salalah personnel are also able to attend training and off-site sessions with personnel of the Project Sponsors around the world in order to share and exchange knowledge and best practices.\n\n\n\n\n\n\n\nOpportunities for incremental revenue growth: \n\n\n\n•\nSembcorp Salalah has two key opportunities for incremental growth of revenues:\n\n\n\n\n\n\n\ni. The expansion of existing facilities to deliver additional desalinated water capacity\, in line with the current government policy to minimise use of groundwater\, and\n\n\n\nii. The sale of current excess power capacity.\n\n\n\n  \n\n\n \nDownload PDF
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-launches-initial-public-offering-3/
CATEGORIES:Announcements
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130828
DTEND;VALUE=DATE:20130829
DTSTAMP:20260403T193408
CREATED:20220617T141903Z
LAST-MODIFIED:20220617T141903Z
UID:6336-1377648000-1377734399@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah Launches Initial Public Offering
DESCRIPTION:Please refer to the attached file \n\n\nDownload
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-launches-initial-public-offering-2/
CATEGORIES:News
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20130821
DTEND;VALUE=DATE:20130822
DTSTAMP:20260403T193408
CREATED:20220618T080438Z
LAST-MODIFIED:20220618T080438Z
UID:6617-1377043200-1377129599@www.sembcorpsalalah.com.om
SUMMARY:Sembcorp Salalah to Launch its Initial Public Offering on 28 August 2013
DESCRIPTION:Muscat\, 21 August 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company)\, a leading power and water company based in the Dhofar Governorate of Oman\, today announces its intention to launch an Initial Public Offering (IPO) of 33\,410\,019 existing ordinary shares\, representing 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share\, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. \nHighlights: \n\n\n\n•\nIPO of 35% of the issued share capital of Sembcorp Salalah\n\n\n\n\n\n\n•\nSembcorp Salalah is undertaking the IPO to comply with the obligations stipulated in the Project Founders’ Agreement\n\n\n\n\n\n\n•\nHSBC Bank Middle East Limited is the Sole Global Coordinator and Bookrunner. HSBC Bank Oman SAOG is the Issue Manager\n\n\n\n\n\n\n•\nOffer runs from 28 August 2013 to 26 September 2013\n\n\n\n\n\n\n•\nOffer open to individual investors\, juristic persons and institutions within Oman\, and to non-Omani investors outside of US\, Canada\, Australia\, South Africa\, Republic of Ireland and Japan\n\n\n\n\n\n\n•\nShares priced at OMR 1.590 per share\n\n\n\n\n\n\n•\nOffer size of OMR 53 million\n\n\n\n\n\n\n•\nMarket capitalisation on listing of OMR 152 million\n\n\n\n\n\n\n•\nFirst day of trading expected to be around 10 October 2013\n\n\n\n\n\n\n•\nFurther information available from the Issue Manager\, HSBC Bank Oman SAOG; the following Collecting Banks: Bank Muscat\, Oman Arab Bank\, National Bank of Oman and Bank Dhofar; as well as at a dedicated IPO website: www.ttct.net/sembcorp-demo-1/ipo\n\n\n\n\n\n\n\nCommenting on the IPO\, Mr Lim Yeow Keong\, Chief Executive Officer of Sembcorp Salalah\, said\, “We are very excited to be soon providing the public with the opportunity to invest in our Company. It’s a unique proposition that provides potential investors with access to an established operator with strong government support and stable revenues\, operating within a well-established contractual framework. Our plant is fully operational with minimal operational risk and is run by a highly experienced team. As the largest and most energy-efficient power and water plant in the Dhofar Governorate\, our plant will play a major role in meeting the region’s growing and long-term power and water demand\, which presents opportunities for future growth.” \nAbout Sembcorp Salalah: \n\n\n\n•\nSembcorp Salalah developed\, owns and operates an electricity generation and seawater desalination plant\, the Salalah Independent Water and Power Plant\, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah\, the administrative town in the Dhofar Governorate.\n\n\n\n\n\n\n•\nThe plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant.\n\n\n\n\n\n\n•\nAs of the date of this announcement\, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.\n\n\n\n\n\n\n•\nThe Company has invested approximately US$1 billion to develop\, finance\, build\, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP)\, which is indirectly wholly-owned by the Omani government.\n\n\n\n\n\n\n•\nAs the largest and most energy-efficient power and water plant in the Dhofar Governorate\, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond.\n\n\n\n\n\n\n•\nSembcorp Salalah is currently 60% owned by Sembcorp Utilities\, a wholly-owned subsidiary of Singapore-based Sembcorp Industries\, 35% owned by OIC and 5% owned by BDCC Investment Company.\n\n\n\n\n\n\n\nBusiness Highlights: \nStrong predictability of stable cash flows: \n\n\n\n•\nSembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis\, based on the power and water that is made available.\n\n\n\n\n\n\n•\nUnder the PWPA\, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant\, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP.\n\n\n\n\n\n\n\nWell-established contractual framework: \n\n\n\n•\nSembcorp Salalah’s project represents one of 12 independent power and/or water production projects to be implemented by the government through OPWP on a “build\, own and operate” basis and benefits from a well-established contractual framework.\n\n\n\n\n\n\n\nStrong government support and stable revenues due to the strategic importance of both the industry and project: \n\n\n\n•\nThe power and water sectors are of high strategic importance to the Dhofar Governorate and Oman as a whole. As of July 2013\, the plant’s capacity constitutes approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.\n\n\n\n\n\n\n•\nGiven the projected growth in electricity and water demand\, the plant is expected to remain critical to the continued supply of power and water in the Dhofar Governorate in the long term.\n\n\n\n\n\n\n\nFully operational project with minimal operating risk: \n\n\n\n•\nThe plant is completed and has been in full commercial operation for over 14 months. In addition\, Sembcorp Salalah benefits from minimal operating risk as its operator\, Sembcorp Salalah O&M Services Company (Sembcorp Salalah O&M)\, is a joint venture indirectly owned by the Project Sponsors\, Sembcorp Utilities and OIC\, creating an alignment of interests which ensures that the plant is operated efficiently.\n\n\n\n\n\n\n•\nSembcorp Salalah O&M is managed locally and benefits from the procedures and expertise of Sembcorp Utilities\, which is well established in the region and has a demonstrated track record of running similar plants\, with facilities of over 5\,900 MW of power capacity and over 1\,500 MiGD of water in operation and under development globally.\n\n\n\n\n\n\n\nExcess capacity and outage allowance to ensure an extended plant lifespan: \n\n\n\n•\nManagement believes that the excess of actual capacity over the contracted capacity of the plant will more than compensate for the estimated degradation of the plant over the term of the PWPA.\n\n\n\n\n\n\n•\nThe PWPA also allows Sembcorp Salalah to perform maintenance on the power plant at designated off-peak periods of the year. This contemplated maintenance is likely to extend the lifespan of the plant and delay the degradation of its electricity and desalinated water capacity.\n\n\n\n\n\n\n\nMitigation of fuel risks: \n\n\n\n•\nUnder the natural gas sales agreement between Sembcorp Salalah and the Ministry of Oil & Gas\, the plant has mitigated risks associated with gas quality\, gas supply and gas price. In the event that natural gas is not available\, and provided that Sembcorp Salalah is not in breach of its obligations regarding the operations of the plant\, Sembcorp Salalah is still entitled to receive its incremental costs for the use of diesel from the Ministry of Oil & Gas and capacity charges from OPWP.\n\n\n\n\n\n\n\nExtensive experience of the Project Sponsors: \n\n\n\n•\nSembcorp Salalah benefits from the extensive water and energy experience of the Project Sponsors. Sembcorp Utilities is a leading energy\, water and on-site logistics group with a strong track record in identifying\, securing\, financing and executing energy and water projects and has a number of strategic relationships and long-term partnerships with multinational customers. OIC is a private equity investment company with strong experience of investing in the region and a diversified portfolio of investments in the oil and gas\, petrochemical\, construction and manufacturing sectors in Oman.\n\n\n\n\n\n\n•\nThe project is strategically important to the Project Sponsors\, who provide Sembcorp Salalah with technological and management capabilities and expertise that are critical to its operational success.\n\n\n\n\n\n\n\nExperienced and skilled operational personnel:. \n\n\n\n•\nSembcorp Salalah has the advantage of well-trained and experienced personnel\, who bring extensive management expertise and the knowledge sharing of know-how accumulated through decades of experience. Sembcorp Salalah personnel are also able to attend training and off-site sessions with personnel of the Project Sponsors around the world in order to share and exchange knowledge and best practices\n\n\n\n\n\n\n\nOpportunities for incremental revenue growth: \n\n\n\n•\nSembcorp Salalah has two key opportunities for incremental growth of revenues:\n\n\n\n\n\n\n\ni. The expansion of existing facilities to deliver additional desalinated water capacity\, in line with the current government policy to minimise use of groundwater\, and\n\n\n\nii. The sale of current excess power capacity.\n\n\n\n\n\n\n\nAbout the IPO \n\n\n\n•\nThe offer period will commence on 28 August 2013 and end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013.\n\n\n\n\n\n\n•\nThe offer is open to Omani and non-Omani individual investors\, juristic persons and institutions through two categories.\n\n\n\n\n\n\n•\nThe minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors\, the minimum subscription is 50\,100 shares and in multiples of 100 shares thereafter.\n\n\n\n\n\n\n•\nThe maximum subscription for Category I investors is 50\,000 shares. For Category II investors\, the maximum subscription is 10% of the size of the share offer\, which equates to 3\,341\,000 shares.\n\n\n\n\n\n\n•\nShares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription.\n\n\n\n\n\n\n•\nThe IPO Prospectus\, Articles of Association and Application Forms will be available from the following Collecting Banks throughout the offer period: Bank Muscat\, Oman Arab Bank\, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website www.ttct.net/sembcorp-demo-1/ipo\, which contains further information.\n\n\n\n  \n\n\n \nDownload PDF
URL:https://www.sembcorpsalalah.com.om/ar/salalah_news/sembcorp-salalah-to-launch-its-initial-public-offering-on-28-august-2013/
CATEGORIES:Announcements
END:VEVENT
END:VCALENDAR