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

Oman’s bank Nizwa attracts $1.77 bln in IPO

Posted on 28 May 2012

Omani lender Bank Nizwa, the sultanate’s first Islamic bank, attracted 681 million rials ($1.77 billion) of bids in its initial public offer of shares, 11 times the sum which it was raising, the lead manager for the IPO said on Saturday.
The bank will be listed on the Muscat Securities Market on June 12, Oman Arab Bank said. Bank Nizwa raised 60 million rials by selling 40 percent of its capital………………………………………..Full Article: Source

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