Wed, Sep 24, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

OAB to fund Islamic banking operations with rights issue

Posted on 22 February 2012

Oman Arab Bank (OAB) needs OMR 10 million to fund its Islamic banking operations, which it will raise through a rights issue.
The board of directors of Ominvest, which owns a 51 per cent stake in OAB, recently approved the proposed increase in OAB’s share capital by way of a rights issue, the money from which will be set apart for Islamic banking operations, reported the Muscat Daily. Ominvest’s contribution to OAB’s fresh capital requirements would be OMR 5.1 million………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930