Oman’s Al Izz Islamic Bank, the sultanate’s second Islamic bank, attracted bids worth 46 million rials ($119.5 million) for its initial public share offer, 1.15 times the sum which it was raising, a source close to the offering said on Thursday.
The bank, which counts Abu Dhabi state-fund Aabar Investments as a founding shareholder, will be listed on the Muscat Securities Market on December 3, the source said………………………………………..Full Article: Source