National Bank of Oman (NBO) said its shareholders have approved a board proposal to start Islamic banking window operations, as the Sultanate’s lenders seek to benefit from services that comply with Islamic laws.
The shareholders also approved increasing capital to RO200 million from RO160 million, the bank said in a statement to the Muscat bourse yesterday. The paid up capital of the Bank shall be RO110.8 million, divided into 1,108,025,000 shares of RO0.100 each………………………………………..Full Article: Source