If it can gain approval from the regulators in time, Al Izz Islamic Bank hopes to float its Initial Public Offering (IPO) by next month. Oman’s second Islamic finance institution is waiting for the final approval from the Sultanate’s Capital Market Authority, which it has received only ‘in principle’ as yet.
However, sources told that CMA approval can be obtained in as little as a day, and the issue can be opened after a week. However, the subscription period has to remain for 30 days………………………………………..Full Article: Source