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

BankMuscat rights issue to raise RO 96.7mln

Posted on 05 July 2012

BankMuscat, the flagship financial institution in the Sultanate, is all set to raise RO 96.7 million from a rights issue aimed at enhancing Tier 1 capital. The bank is offering 226.5 million shares at 0.427 baisa per share comprising a nominal value of 100 baisa, premium of 325 baisa and issue expense of 2 baisa per share.
The rights issue will be open from July 9 to 23, 2012 with the record date being July 2. Each existing shareholder as on the record date is entitled to subscribe to 1 new share for every 8 shares held by him/her………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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