Al izz islamic bank, the Sultanate’s second Islamic bank, currently under formation, plans to launch its initial public offering on the Muscat Securities Market by the end of September.
According to an official of a leading brokerage firm, the bank with a capitalisation of RO 100 million will float an IPO of RO 40 million, or 40 per cent of its share capital next month. bank muscat will be the lead manager to the issue, it is learnt………………………………………..Full Article: Source