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

Bank Nizwa’s RO60m IPO likely in April

Posted on 06 March 2012

Oman’s first Islamic bank’s (Bank Nizwa) RO60 million initial public offering (IPO) may be floated in April, even as the bank authorities are planning to unveil their programmes for the first time to the media on March 10.
Although high-ranking officials involved in setting up the bank are tight-lipped on the plans, sources at the bank’s issue manager said that Bank Nizwa will have a paid-up capital of RO150 million………………………………………..Full Article: Source

 
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