The two proposed Islamic banks — Bank Nizwa and Al Izz Bank International — are planning to float initial public offerings (IPO) in the first quarter of next year, according to senior officials of the Capital Market Authority (CMA) and Muscat Securities Market (MSM).
“I expect both banks to float initial public offers in the first quarter of next year. They have to raise money from public before they start operation,” Yahya bin Said Al Jabri, executive president of the Capital Market Authority said……………………………………….Full Article: Source