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

Oman’s first Islamic bank announces USD 156 mln IPO

Posted on 24 April 2012

Oman’s first Islamic bank, Bank Nizwa, announced an Initial Public Offering (IPO) worth about USD 156 million for 600 million shares which come to 40 percent of its paid capital, on Monday.
“The bank is offering 600 million shares, with a par value of 102 baisaseach, including two baisas for meeting issue expenses,” an earlier bank statement said.The IPO guidelines state individuals can acquire 1,000-100,000 shares,while the remainder is up for acquisition by companies at a maximum of 10percent each………………………………………..Full Article: Source

 
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