Power Development Company LLC made an offer to acquire 40% stake in United Power Company SAOG (MSM:UECS) from Civil Service Employees Pension Fund, Royal Oman Police Pension Fund, Public Authority for Social Insurance, Sogex Oman L.L.C and others for OMR 0.3 million on April 5, 2021. Under the terms of the transaction, Power Development Company LLC will pay OMR 1.015 per share. The purchase offer period shall commence from April 21, 2021 and shall expire on May 12, 2021.