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Sembcorp Salalah IPO Roadshow Attracts Investor Interest

September 15, 2013

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.

The 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.

The 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.

Commenting 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.

“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.”

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September 15, 2013
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